Wednesday, August 19, 2015

Wait for it...

This is fun to hear active traders condemning the portfolio investment approach. They usually pull out Japan as a case where you have to wait for too many years for a profit. They think 30 years is too long.

Don't they understand that for most active traders who ever tried to outsmart the market the drawdown has become ETERNAL simply because they've stopped trying and quit at some point?

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