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Pastimes : Home on the range where the buffalo roam
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To: Sig who wrote (9379)10/12/2002 11:55:58 PM
From: pbull  Read Replies (1) of 13815
 
Long-term investing went out of style years ago.<g>
I can list dozens of small banks and mortgage brokers and S&Ls that are up 500% over the last 10 years. But no, that's not good enough. People want 50 percent returns THIS QUARTER. OR ELSE!!!
Funny, in Barron's last week, they profile a guy who's 92 and has averaged 19.6 percent over the last 10 years. He was up 6.5 percent this year going into October.
No, he doesn't have a mutual fund. And yes, he remembers the '30s.

PB
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