Why are people freaking out so much?

[trackstar]

There will be an opportunity. Its not here yet. For most people they will miss that opportunity. Think about that.

 

[gbos]

Quote from short&naked:

That's a bunch of "buy and hold" bull that Lynch and Buffet have been feeding people and it hasn't worked for the last 10 years.

From 99 to December 2007 Berkshire Hathaway book value was up 100% even if the index is practically unchanged, so it depends what and when you are buying. Imagine the returns if Buffett was managing a 2 million $ stock portfolio instead of a 2 hundred billion portfolio. I am a long term investor myself and I have a lot more money now than ten years ago.

 

[short&naked]

Quote from tommylove3:

In 1929 most of the people in the market who were on heavy margin, with zero money management skills

And the difference to today is what exactly?

If the flow of credit is not restored it is a fair bet our economy will slow drastically for a time. I will still make lots of money cause I have real cash to invest. And I will just get richer.

The economy will slow, but you will make money because you have cash??? huh?

 

[short&naked]

Quote from gbos:

From 99 to December 2007 Berkshire Hathaway book value was up 100% even if the index is practically unchanged, so it depends what and when you are buying. Imagine the returns if Buffett was managing a 2 million $ stock portfolio instead of a 2 hundred billion portfolio. I am a long term investor myself and I have a lot more money now than ten years ago.

And the fact that all this was a fluke based on easy credit does not bother you at all?

 

[FanOfFridays]

Quote from short&naked:

That's a bunch of "buy and hold" bull that Lynch and Buffet have been feeding people and it hasn't worked for the last 10 years.

Guess what. The SP500 is still in rip-off territory. We aren't even near fair value, let alone undervalue.

Yes, that Warren Buffet is a moron. He knows dick about the markets or making money in them. The guy also knows dick about when to buy into a company. 'Buy and Hold bullshit'!! Well said, sir. Well said.

 

[arealpissedgoy]

Quote from short&naked:

And the fact that all this was a fluke based on easy credit does not bother you at all?

lol, another paper trader.

This board is now about 90% of you guys.

all under 28 trying to be the "next soros".

wtf. is no one going to college anymore?

 

[mind]

Quote from arealpissedgoy:

This board is now about 90% of you guys.

all under 28 trying to be the "next soros".

))

 

[mind]

^^ ... am i the one who invented the flying smiley?

 

[short&naked]

Quote from arealpissedgoy:

lol, another paper trader.

This board is now about 90% of you guys.

all under 28 trying to be the "next soros".

wtf. is no one going to college anymore?

No. A real long term investor. And you are? (Judging by your name, nobody special).

 

[short&naked]

Quote from traderNik:

Yes, that Warren Buffet is a moron. He knows dick about the markets or making money in them. The guy also knows dick about when to buy into a company. 'Buy and Hold bullshit'!! Well said, sir. Well said.

He does make money in them. But he makes it look as if he just picks out companies that are undervalued and that's it. Come on, give me a break. When you have that kind of money you can make any board of directors jump on command. The risks he takes are much less and you know it.

So it just happens that the richest man in the world got rich on wallstreet, by being so honest and so darn good, while the rest of Wallstreet is oh so dishonest... yeah right.

You really fell for the Buffett PR campaign.