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<blockquote data-quote="HerefordSire" data-source="post: 638124" data-attributes="member: 4437"><p><em>Thank-you for the comments 1982vette. </em></p><p><em></em></p><p><em>Most investors have been taught through various ways to buy and hold long term. In my view, this is a fallacy. I call this propaganda and mind control. I realize there are many people that trust the markets and have literally made fortunes by long term holding of quality company shares. Times change. Generally, a public corporaton shares are used for financing. Our economy depends on this source of funding. This is the main reason why big conservative money, like teachers retirement pools, can play in this casino. This leads me to a set of questions: How many public companies can you list that are over 70 years old? How about 50 years old?</em></p><p><em></em></p><p><em>If one were to comprehend all the available information, such that the information known by us was perfect, we still wouldn't know for sure what was going to happen in the future. In a way, it really doesn't matter what happens in the future or the past in regards to markets or economy because it is out of my control. It doesn't matter how bad or good the news is because there is nothing I can do about it. What does matter, if we make money or not. We can think of millions of reasons not to make a purchase decision when staring at a depression. The opposite is also true when the masses become euphoric.</em></p><p><em></em></p><p><em>To make a long story short, it is very simple to me. I don't believe most things I hear, almost nothing I read, and half of what I see. </em></p></blockquote><p></p>
[QUOTE="HerefordSire, post: 638124, member: 4437"] [i]Thank-you for the comments 1982vette. Most investors have been taught through various ways to buy and hold long term. In my view, this is a fallacy. I call this propaganda and mind control. I realize there are many people that trust the markets and have literally made fortunes by long term holding of quality company shares. Times change. Generally, a public corporaton shares are used for financing. Our economy depends on this source of funding. This is the main reason why big conservative money, like teachers retirement pools, can play in this casino. This leads me to a set of questions: How many public companies can you list that are over 70 years old? How about 50 years old? If one were to comprehend all the available information, such that the information known by us was perfect, we still wouldn't know for sure what was going to happen in the future. In a way, it really doesn't matter what happens in the future or the past in regards to markets or economy because it is out of my control. It doesn't matter how bad or good the news is because there is nothing I can do about it. What does matter, if we make money or not. We can think of millions of reasons not to make a purchase decision when staring at a depression. The opposite is also true when the masses become euphoric. To make a long story short, it is very simple to me. I don't believe most things I hear, almost nothing I read, and half of what I see. [/i] [/QUOTE]
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