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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: chowder who wrote (24652)	7/22/2003 11:55:47 AM
From: Mark Adams	Read Replies (2) of 206191

Can you tell me what's so brilliant about being down over the last 5 year period? Buffet might say you are confusing price with value. Followers of the stock might say that intrinsic value increased during the time frame your chart illustrates. I would say you are looking at the results of the 'trader' vs 'investor' paradigm. If one carefully studies all of the chestnuts of investing wisdom out there, contradiction abounds. Sorting those chestnuts into 'applicable to investing' vs 'applicable to trading' helps restore some sense of order. Since you are a big fan of TA, I'll toss in one pot shot. I've seen it said that all of TA's performance could be attributed to good money management, an essential skill for 'traders'. FWIW

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