Re:Why I don't trade stocks and (probably) neither should you
by ZeroGravitas on Monday December 02, 2013 @09:38AM
(#6833849)
Isn't the standard advice to not invest unless you can wait 10 years for the ups and down to average out?
Re:Why I don't trade stocks and (probably) neither should you
by john_b on Monday December 02, 2013 @12:04PM
(#6834836)
That is common Buffett-style advice. But he also advises that price matters. Matters a lot, in fact.
Re:Why I don't trade stocks and (probably) neither should you
by judk on Monday December 02, 2013 @06:56PM
(#6837513)
There are two sides to buffet style advice:
1. Buy bargains when assets are underpriced.
2. Hold those assets for many years.
Also, Buffet buys substantial or controlling fractions of a company, so the other owners can't scrwwo him. If you can't do that, you can't replicate his large scale success.
Re:Why I don't trade stocks and (probably) neither should you
by infinite8s on Wednesday December 04, 2013 @03:15PM
(#6849817)
Not only that - he's able to affect those long-term returns.
Re:Why I don't trade stocks and (probably) neither should you
by onebaddude on Monday December 02, 2013 @11:04AM
(#6834451)
>and right now the market is substantially above mean
In what sense is it "substantially" above mean?
Re:Why I don't trade stocks and (probably) neither should you
by anentropic on Monday December 02, 2013 @12:59PM
(#6835269)
the mean of what... itself? historically? how do we judge this?
Most things revert to the mean, and right now the market is substantially above mean, and that market level is based on other aspects of the world that are currently also out of mean.