ABBV - AbbVie Allergan A Boring But Prudent Deal
There’s nothing on Wall Street that will bring you more ridicule in real time, and praise in good time, than buying low. The guy who buys at the bottom is always catching a falling knife while being eye-rolled by everyone else. Somebody’s got to do it though. Otherwise, there would be no bottoms. The criticism is even worse when indexes are at all-time highs and momentum-chasing is still in vogue.
Ridicule for buying low isn’t restricted to individual traders taking this or that position. It’s the same with companies in mergers and acquisitions. A company