Quote:
Originally Posted by alnorth
Thats correct. The best way to make money in the stock market is to be psychic, or possess an abnormal amount of dumb luck.
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Again, that's not at all what he's saying. Buying and holding is fine, but you have to constantly research whether or not it's a good idea to hold on to your stocks at all times. People that held on to GM stock all the way down are kicking themselves right now. If you were monitoring your investments, then you would have known that it was a good time to get out instead of holding it all the way to 50 year lows.
I'm not saying that he's 100% right about everything he says, because I think he does have a few things fundamentally wrong. But there is truth in some of the things he says, too. He's not advocating day trading or anything like that.