Programming note: Money Stuff will be off for the rest of the week, back on Monday. Happy Thanksgiving!
Cherry-picking
It is nice, in investing, to have a one-day lookback. If you could buy a stock first thing in the morning, see how it does over the course of the day, and then at 4 p.m. decide either to keep it (because it went up ) or to cancel the trade (because it went down) — that would be nice, for you. If you plan to hold the stock for a year, it wouldn’t be that nice — one day of returns probably won’t affect your ...
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