[ale] OT: Stock Traders?

[Christopher Bergeron]

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I figured I'd add my .02 cents (pun intended) on this one - Apparently, 
there's a good new book that was just published by Ben Stein (Ferris 
Bueler?  Anyone?) about timing the markets.  Specifically, the premise 
of the book is that you CAN time the markets (I think that's the title 
of the book too) and out-yield normal returns.  He goes into detail 
about buying low and selling high (but doing so long term), and that the 
yields of "timing" the market long-term are significantly higher overall 
than a buy-and-hold strategy.

Best regards,
- -CB



F. Grant Robertson wrote:

|Either he was an amazing gambler, or a really lousy broker. Either way, 
most of us mere mortals will do much better int he market than "playing 
the ponies".
|
|-G
|
|
|-----Original Message-----
|From: ale-admin at ale.org [mailto:ale-admin at ale.org]On Behalf Of
|tfreeman at intel.digichem.net
|Sent: Thursday, April 24, 2003 5:00 PM
|To: 'ale at ale.org'
|Subject: RE: [ale] OT: Stock Traders?
|
|
|On Thu, 24 Apr 2003, Kilroy, Chris wrote:
|
|>long term investing in the stock market is a lot better than gambling,
|>unless you are looking for short term returns, but even still it is
|>still better odds :)
|>
|
|Some years ago, I had a friend/associate who might well disagree with you.
|She had a boy friend who played the ponies for a very good living claiming
|a strong resemblence to the NYC, where he had been a broker. The ponies
|payed better, and more consistantly in his experience.
|
|IMHO, the only investment stategy which is fairly rational and not
|gambling is a very diversified buy and hold, probably split evenly between
|cash instruments and stock.  Wish I had the nerve/ambition to back that
|opinion up with _facts_. 8-(
|
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