Mark Cuban on How to Get Rich

Re:Mark Cuban on How to Get Rich by nostrademons on Sunday October 05, 2008 @11:36AM (#324126)

He and Buffett/Lynch are talking past each other. Buffett's strategy has always been buy & hold, but only buy when the price is right. So in the tail end of a bull market (like what we got in 06-07, or 97-00), he just refuses to invest and holds the cash income his stocks churn off instead. So when the market turns downwards, he has plenty of cash to invest.

Mark Cuban's referring to the suckers who believe in putting every dollar they have into the stock market, whether it's high or low. Those people end up with no cash when the market turns down, so they can't take advantage of the opportunity.

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Re:Mark Cuban on How to Get Rich by fallentimes on Sunday October 05, 2008 @08:54PM (#324495)

And more importantly, it's _flexible_ buy & hold meaning he can sell whenever he wants. If you buy & hold with a very firm sell date you're not doing it right.

It's hard to really know whether the stock market is "high" or "low" (if you did, you'd be rich) that's why it's important to invest slowly at all times (dollar cost averaging).

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