This is good advice I think.. not to fall in love with the paper.
This is good advice for traders, those who make money on the rise and fall of the paper. There are many Teepees to help such traders like daytraders.com and SH.
For investors this is not such good advice. They find good paper and fall in love (commit to) with that paper. Many have done well commiting to good paper. There are Teepees to help them. One is the Agoracom Teepee.
When one chooses to hang on to the paper, it is best not to count the present value of the paper, but to commit for the future value of the paper. This is investing.
The trader seeks to identify the high for selling, and the low for buying. Some are good at this.
If a trader, having sold his paper, sits down with an investor and begins to talk of how much lower the paper will go, the investor is not pleased to discuss this.
If the investor sits down with this trader who has no shares, and begins to talk about how high the paper will go in the long term, the trader is not pleased to discuss this.
It is good for traders and investors to meet at the fire,
but it is best to sleep in seperate Teepees.
So the spirits told me.
BK