Andrew Horowitz says "buy and hold" stock management is for losers.
He might be right - but who wants to buy and sell stocks all day?
The following ditty is extremely well done, regardless of your position on holding stocks.
If we're anything it is "buy and hold" because even if our 401(k)s and what-not go down by half (a real possibility) then the value of that money actually goes up (so long as it doesn't go to zero!) because most of the money that vanishes overnight in a stock market crash is imaginary (leveraged, or loaned into existence) money thus greatly reducing the money supply.
Read Nano-Plasm - you know you want to.
© 2005-2009 Stephen Clarke-Willson, Ph.D. - All Rights Reserved.