Discuss all general (i.e. non-personal) investing questions and issues, investing news, and theory.
Investors are ignoring the REAL risk to the market
: John Bogle video interview on Breakout. http://finance.yahoo.com/blogs/breakout ... 49567.htmlTo hear this veteran investor tell it, the main risk most individuals face is themselves — especially when it involves trying to time market moves or other short-term trends while driving in and out of the stock market. When asked to characterize his feelings about the oft-cited ''risk-on, risk-off'' tone of the markets, Bogle simply says it's ''kind of silly" to try to make money that way, adding that he's never known anyone who had the capacity to do it successfully for any great period of time.
Instead, he says "by absolute, mathematical definition, speculation is a loser's game and investment is a winner's game," before quoting his friend Warren Buffett. "When the dumb money realizes how dumb it is and buys an index fund, it becomes smarter than the smartest money," and typically outperforms about three-quarters of the Street's brightest and highest paid stars.
People should not say everything they think. They should think about everything they say.
- Posts: 3715
- Joined: Tue Feb 27, 2007 3:05 pm
- Location: Indiana, retired 1998 at age 65
This is a duplicate thread. Here's the original: viewtopic.php?p=1608158#p1608158
This thread is locked.
Best Regards - Mel | | Semper Fi
- Posts: 22452
- Joined: Mon Feb 19, 2007 8:49 pm
- Location: Daytona Beach Shores, Florida
Return to Investing - Theory, News & General
Who is online
Users browsing this forum: 111, Abe, BahamaMan, columbia, FAST Enterprise [Crawler], Girino, Leeraar, marcwd, notinuse and 53 guests