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Strategies & Market Trends : Value Investing

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To: Investor2 who wrote (7425)6/6/1999 11:35:00 PM
From: Paul Senior   of 78667
 
Hi I2. Yes, I thought about that when I wrote it. I sluffed it- took the easy road. Fluffed it. Not many will believe my truth anyway I think. Which is, for stock market players, unless they are very exceptional - most guys aren't going to make (and hold onto) serious money in the stock market until they are about fifty years old with at least a couple of decades of experience. It's when their personality settles down, they know who they are, they've tried it all and know what works for them, and they have a rich man's mindset (they've got enough capital and they don't panic or get seduced out of their picks). (And by then, maybe like you I think, they've got stocks they've held on to for decades or more.) Who even wants to hear that? If true, could be disheartening for a young guy.

When people who know me say, well I ought to be rich because I've been doing this investing thing for so long, all I do is sigh and say no. The best and only thing that I can say for myself (I tell them this too) is that I'm still in the game. Up, down, sideways, good times, bad times, I'm still around and still finding stocks I like.
And still wrong many, many times.

Nice to hear from you,I2. Paul.
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