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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?


To: StockHawk who wrote (34197)11/2/2000 12:01:25 PM
From: Seeker of Truth  Read Replies (2) | Respond to of 54805
 
Great post,StockHawk. I wonder why people don't pay more attention to Warren Buffett who has the greatest record of any passive investor. (Now he has become an active investor, in insurance). He said that it's not possible to predict the short term. I've been investing for some 40 years and I also never found a way to know what the market will do in the next 2 months or years. But you don't go broke holding the gorillas, not with a kind of blind faith or guru inspired enthusiasm but with understanding and attention to the underlying market place and technology as it develops. I'd like to hear from a trader with let's say at least 20 years experience, that has made lots of money. Anybody sing out?
As for anecdotes, "I got out at 200, now its 60" etc. they
tend to be as useful as medical cures reported with tiny samples. Doctors are very annoyed by the latter. I once got
my father-in-law out of a stock with a 30% gain in a few weeks. I held on for a 17 times gain, the best of my life. That's another anecdote, equally useless. You have to get the experience eh?

Good luck, GGers and traders both. The former don't need the luck as much.