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Hi Herman,
Saturday, October 2, 2004, 8:01:45 PM, you wrote:
HvdB> Buffet...But are we in this purely for the long-term money or is there a
HvdB> "fun and adventure" component in all this that is captivating, brain
HvdB> teasing, and challenging?
HvdB> If you take away the personal involvement in trading, like the excitement of
HvdB> thinking you can out-smart the market, of getting a new idea, the challenge
HvdB> of coding it, the satisfaction when an idea proves valid, and finally the
HvdB> rewarding profitable trade (usually less profitable than expected) than i
HvdB> think there wouldn't be many subscribers left on this list.
HvdB> Warren Buffet may have made his money, but where was the fun? Most buffet
HvdB> traders (investors!) died of old age along the way :-) his way of trading
HvdB> (if still valid) is for the young or for institutions with a lifetime much
HvdB> longer than ours.
HvdB> best regards,
HvdB> herman
Buffet readily admits, too, that the methods he employed FORTY YEARS
AGO to accumulate his fortune today may not be so readily available
to current investors. There has been a quantum leap in interest in
and research about markets since then. Finding "cheap stocks" (the
*only* kind Buffet would ever buy) is a very difficult task these
days. Now, you can rarely find truly cheap, only "relatively" cheap.
There is a big difference. Buffet rarely makes many moves these
days: there are not enough values out there to chase. He has said so
himself.
Yuki
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