>> Kat@butmaybeI'mjustanoptimistickindaguy
It's been painful for the last 10 months, but count me as a kindred soul.
If one is not an optimist, long term investing would be a horrible experience. And for those who have a tendency to second guess every swing and twitch of the market, it would be hell.
As Peter Lynch has noted recently, there have been 9 major declines since WWII, but in each case an ensuing recovery has brought the market to new highs. Some say this time it will be different, but since their historical batting average has been zero, I choose to join the team with the perfect record. I believe that the USA will continue to prosper, that equity markets will be the best way to participate in that prosperity, that the technology sector will outperform the market, and that the tech companies with long term sustainable advantages, which we call Gorillas, will outperform the sector.
I recognize that there are some bright people who have come to the conclusion that they can trade their way through the maze of moods of Mr. Market. While I wish them success, I don't believe their conclusions are supported by history, and as for myself, have chosen the presently unpopular path of long term ownership of outstanding companies. It's not any easy road - it takes patience and optimism to travel it well.
uf |
