Wednesday, February 11, 2009

Truth: Buy and Hold Does Not Work

I guess one good piece of wisdom has come from this crisis:
"In reality, the only people who make money from buy and hold are the fund management companies who pocket your fees every year while returning nothing in value over a decade's period of time. Even Warren Buffet, arguably the greatest investor ever, has returned next to nothing after inflation to his investors over the past 10 years. If he can't do it, why would anyone think anyone else can?"

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