You get what you deserve
Yesterday morning, I thought about how, without any significant news to help the banking stocks, they might fade down in stock price for awhile. In our podcast yesterday, I told Bob about this and we talked about it. Instead of investing based on this feeling, I bought a significant position in Citigroup. The result is I am down roughly 7% on my position and it looks like I will be extending my losses today. I could have waited based on what I was already thinking and gotten this stock cheaper.
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