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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (152761)	9/30/2008 3:46:42 PM
From: MulhollandDrive	Read Replies (2) \| Respond to of 306849

If you think it isn't advisable to benefit from the long term positive expected return of the stock market by holding, I suggest you had better call up Warren Buffet and warn him of this because the guy has been doing it wrong all these years! i was waiting for you to throw down the 'warren buffet' card...godwin's law has a new component....reductio ad buffetum I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years. ~warren buffet Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it. ~warren buffet are these two statements mutually exclusive? no i think warren buffet might be the first to tell you that the majority of his wealth has been obtained by building and acquiring profitable businesses cheap ( he is considered a 'value' investor and takes increasing stakes in companies that he values when the share prices are depressed) but to conflate his business strategies with your equity market investment mantra of 'buy and hold' is a false analogy....btw, he also spent YEARS unwinding his derivative trade which he was saddled with when he bought general re, little wonder he calls them financial wmd's, and yet he still bought them (gen re) please explain to the wamu and wb shareholders who bought for the long term (buy & hold)with the hope of live off the divie 'their entire lives' was such a brilliant investment strategy: pinksheets.com finance.yahoo.com <edit> last post on this topic, this thread wasn't established as a forum for theoretical debate on the merits of 'buy and hold' v. market timing