The hardships of being a value investor
When the stock market is rising the cautious few, the value investors and their kin, are allowed to be pessimistic without fear of hurting other stock markets players as no one is losing money. However, due to being cautious the value investors are also labelled as out of touch and are generally derided for not reaping the easy profits that are at hand.
Unfortunately when things switch around, when the stock markets falls and the other players lose big, then the value investors must hide their euphoria as it would too easily offend. Every time the stock market falls we cheer on and all the while thousands of people are losing everything they have. If we speak out we are lampooned for being inconsiderate and cold but it is simply the way we play the game.
As a value investor it always pays to keep our emotions to ourselves.