Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: John Langston who wrote (2476)	11/15/1997 10:28:00 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78626

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.