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Buffett vs message board amateurs - the 5 year challenge
- Thread starter Cutten
- Start date
It doesn't really matter what a person's time frame is when comparing him to someone else. At the end of the year Buffett will have placed maybe 5 trades, and the typical internet chatter/daytrader will have placed 5,000 trades, (real or imagined). Buffett will still be ahead of the internet chatter/trader at the end of the year.
I do wonder why GE has not moved up more though. My octagenarian neighbor has said he is going to start buying GE common stock for no other reason than Buffett's huge purchase of GE preferred. I would imagine that a lot of people have that idea as well, but if they do they haven't started buying it yet. GE isn't moving much at all.
I do wonder why GE has not moved up more though. My octagenarian neighbor has said he is going to start buying GE common stock for no other reason than Buffett's huge purchase of GE preferred. I would imagine that a lot of people have that idea as well, but if they do they haven't started buying it yet. GE isn't moving much at all.
Here is a video of one of the elitetraders I have obtained who had openly criticized buffett.
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Quote from makloda:
Hearing "buy and hold is dead" over and over again these days. Last time I heard that was in the summer days of 2002.
Interesting. If history is any guide, that makes it a great time to start buying & holding in investment accounts for those who haven't done so already.
He has always refrained from talking about the stocks he is buying because too many times he observed that they escaped his price range. I wonder why he is talking now?
Did he write an article in 1974? 1990? Why?
Does he think this thing is going to spiral downward until hell freezes over? IMO he is a very ethical man, he would not do something like that for his selfish interests maybe the US's?
Did he write an article in 1974? 1990? Why?
Does he think this thing is going to spiral downward until hell freezes over? IMO he is a very ethical man, he would not do something like that for his selfish interests maybe the US's?