If you don't know yourself, and you don't have a fundamental strategy that works, you will eventually self-destruct. If you are fortunate enough to be able to anticipate every move of the market, kudos. You should be the wealthiest individual on the planet within a few short years.
Personally, I don't give a rat's arse about what the market is going to do tomorrow, next week, or even next month. In order to generate exceptional returns, it is only necessary to know where it will be in a year. I'm not in this to get rich quick. I'm a gardener. I select plants, put them in the ground, tend to the garden, pull the weeds, and await the harvest patiently.
I've seen your trades. You seem to have a knack for the short term. Congratulations - you are very fortunate! I could do far better if I could only learn to pick the harvest when it has ripened enough to feed me, rather than awaiting its maximum potential. Too often I've watched as the crop is destroyed while I await the maximum yield.
I shared this letter among a few friends who have had a tough time as the market has moved against what a rational individual would expect. I thought it might contain insights that would be helpful to some. I guess you only see a poor trader.
My investing idol is Warren Buffet, and I don't see his success based upon strategies that you employ. I would like to think the Master would approve of my approach. Evidently you do not.
Good luck to you.
BC |
