Buffet really nailed it eh? There is a whole industry that makes money when you buy and sell stocks, and they encourage you to buy and sell as much as they can, when in fact – the mere action of buying and selling probably reduces your chances of making money yourself.
…sigh… If only I was a robot without fears and emotions. I’m pretty sure the human race won’t have robotic servants in the future, because all of the robots will be richer than us from their investment activities.
If “nobody knows nothing” then an index fund makes perfect sense. Investing and automatically DCAing into low-cost index funds removes the fears and emotions and makes us more “robotic”.
Comments 2
Buffet really nailed it eh? There is a whole industry that makes money when you buy and sell stocks, and they encourage you to buy and sell as much as they can, when in fact – the mere action of buying and selling probably reduces your chances of making money yourself.
…sigh… If only I was a robot without fears and emotions. I’m pretty sure the human race won’t have robotic servants in the future, because all of the robots will be richer than us from their investment activities.
Posted 23 Jun 2009 at 9:23 am ¶I think Mr. Bogle really nailed it.
If “nobody knows nothing” then an index fund makes perfect sense. Investing and automatically DCAing into low-cost index funds removes the fears and emotions and makes us more “robotic”.
Posted 23 Jun 2009 at 4:44 pm ¶Post a Comment