John Langston: I'm just a formal kind of guy -g-. re s.t. trader and l.t. trader. Well, if you think we're all traders, I guess you're right; at some point we sell and buy something else. No reason why a person can't be both long-term and short-term trader. Somehow though, the words trader and Buffett don't seem to go together -g-. My belief is the conventional belief that Buffett is a long-term holder. In one of his letters to stockholders, he said he wouldn't just sell a mediocre investment in his portfolio of companies for a better investment, so in that sense to me, he's not a trader. There's a mindset there too, IMO. If one identifies oneself a trader, then one much more easily, IMO, comes to the opinion that it's time to sell or sell and swap -- much more easily than if one thinks of oneself as a Buffett follower, an investor, or a holder. So how or where do you see yourself? Or maybe say again some stocks you like and I'll figure it out (maybe).
My opinion is that that short-term traders are stupid, idiot, adrenalin addicts. However, it has recently come to my attention that I myself might be a stupid idiot because of this view. (I heard a tape of Hulbert - he of the Financial Digest - who said there are very excellent performance records of people who espouse short-term trading). Figured I better see for myself, so I signed up for a subscription. Good Trading, Paul. |
