Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 41.41

+2.2%

Dec 5 9:30 AM EST

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To: Jim McMannis who wrote (173253)	3/4/2003 11:35:14 PM
From: tcmay	Read Replies (2) of 186894

"Irrationalities like..."buy and hold" and watching 80% of your retirement evaporate? Even someone looking at chicken innards had a chance to get out. A "buy and holder" had NO chance. "Buy and hold" is the biggest lie yet laid on the "investing" public buy anyone from financial advisors, brokers to mutual fund companies." Buying for the long term has served _me_ very well, very well indeed. Had I listened to Joe Granville or Robert Prechter or had I panicked when the candlestick formation dipped too close to Aquarius, I probably would have sold out my position in 1995, or 1991, or 1987, or 1983. A good thing I didn't give them any credit. (I read Burton Malkiel's "Random Walk Down Wall Street" in 1975-6, I simulated stock movements on my computer in 1977, and that's when I came to fully appreciate the implications of information theory for the stock market. The following year I read Graham, Dodd, and Cottle.) --Tim May

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