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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (7421)	6/6/1999 10:10:00 PM
From: Investor2	Read Replies (3) \| Respond to of 78659

Re: "But if anyone "doubts there is such a thing as grizzled veteran's wisdom and perspective" regarding making money in the stock market, I will argue with that." I'll come down on your side on that one, Paul. RE: "But for anyone with 8-12 years buying and selling stocks - imo, they will have have a veteran's perspective which is quite different from someone with ony three years' experience (whether that three years is from a 15-year old or from a 50-year old)." While someone with eight years' experience in equity investing will have a perspective somewhat "deeper" than someone with only three years' experience, I don't think I would give him/her the title of "veteran." Someone who has only invested for the past eight years has never been through something like the extended, emotionally draining 1973-74 bear market, the feeling of sixteen years (1966 - 1982) of sideways market while inflation runs rampant, or the rapid plunge of '87. I believe that many of today's investors will get to live through periods like these, perhaps beginning in the not-too-distant future. I will award the title of "veteran" to those that still invest in equities after periods like these. Best wishes, I2