For those who are think that Mr. Tzu's advice to become a trader is correct, please read the quote of the day:
"In the annals of investing, Warren Buffett stands alone. Starting from scratch, simply by picking stocks and companies for investment,
Buffett amassed one of the epochal fortunes of the twentieth century-more than enough to iron out the effects of fortuitous rolls of the dice-Buffett outperformed the stock market, by a stunning margin and without taking undue risks (HE MEANS TRADING-my quote) or suffering a single losing year....By virtue of this steady, superior compounding, Buffett acquired a magical-seeming net worth of $15 billion, and counting."
He didn't do it with bonds, gold, treasuries or other investments. It
was stocks. He didn't trade, day trade, play leverage hedge bets or what have you. He bought the best stocks and patiently held.
People, please don't fall into the trap that trading is what is
going to make you rich versus buy and hold.
The phrase "rich trader" is an oxymoron.
Jeff Bertrand |
