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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: cfimx who wrote (742)	9/3/1998 8:25:00 AM
From: porcupine --''''>	Read Replies (2) \| Respond to of 1722

in investing it is not the "gifts." Isn't it most of us don't have the discipline, temprement, and rational thinking to be an all star. Alas, twister, "discipline, temperament, and rational thinking" are also gifts. From what I have read, many posters on Silicon Investor lack the discipline and temperament (and patience) to use spell check and grammar check. I take exception that you need to be a "one of a kind," or possess certain "gifts" to be HIGHLY successful at investing. It is a tried and true formula for developing a wide following to imply that everyone can be "way above average". But, I remain skeptical that this is possible. So we should leave it to the masters of the universe to run OUR money? Not necessarily -- although I don't hear many complaints coming from long term holders of Berkshire, Sequoia, Tweedy Browne, etc. I assume that most people read GADR precisely because they prefer to run their own money. What I have been writing for several years is that those who mechanically dollar-cost-average into an Index product over the long term will outperform all but the most gifted (or luckiest) investors, professional or otherwise.