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A comment on Why I don't trade stocks and (probably) neither should you. Parent comment

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?
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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.
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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.

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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.
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