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“More like a big departure than a big rest.” This was stated by the horse trader Thomas Fuchs, former leader and current national coach of the Swiss show jumpers.
As a horse trader, he prefers to sell the horse too soon rather than too late, which is what the sentence at the beginning must mean, as can be read in the portrait in the NZZ.
It’s a pass-through for Hopfried Stutz: Equity investors may also take Thomas Fuchs’ statement to heart. If I sell a stock at a profit, I’m happy about it. And then it annoys me that I sold the stock too early and missed even more profit when the stock price went higher? Well, a little bit. But I’m definitely less annoyed than sitting on a stock that is rising sharply only to watch book profits melt away in the event of an unexpected drop in price.
To anyone who is faced with the dilemma of whether to achieve a price increase or hope for even greater profits, remember the fairy tale of the Brothers Grimm.
It’s about a fisherman and his wife. One day, the poor fellow catches a talking flounder pretending to be an enchanted prince. Instead of bringing the woman’s flounder into the kitchen, he lets her go and tells the woman about what he experienced. She said that the man had to ask the flounder for something and send it back:
Mantier, Mantier, Timpe Te,
Bootier, Bootier in the lake
my frue de Ilsebil
I don’t want it the way I want it
So the fisherman complained to Kambala, who fulfilled every wish of the woman. First she got a small house, then a castle, then she wanted to become a queen, then a dad. And every time the flounder flew into the water, he left the fisherman with the remark that he should return to the woman. The wish came true.
And again and again, the man reluctantly went out to the pier, shouted “Mantier, Mantier, Timpe Te …” and explained to the astonished Kambala the last desire of the insatiable fisherman’s wife. “Oh,” said the fisherman at the end of the story, “she would like to be like God.” To which the flounder replied: “Just go there, she is already sitting in the fishing hut again.”
Moral of the story: Investors can’t just learn from Warren Buffett, Peter Lynch, Andre Costolani, or John Bogle. The Brothers Grimm have already given valuable advice.
Source: Blick
I am David Miller, a highly experienced news reporter and author for 24 Instant News. I specialize in opinion pieces and have written extensively on current events, politics, social issues, and more. My writing has been featured in major publications such as The New York Times, The Guardian, and BBC News. I strive to be fair-minded while also producing thought-provoking content that encourages readers to engage with the topics I discuss.
