8 thoughts on “La La Land: Defending Buy and Hold

  1. It’s amazing these people still get air time. I guess it’s because they have that b.s. story to tell. “We look for companies with strong balance sheets, cash positions, blah blah blah”.

    How long will it be until you see David Harding back on the air? “Well Erin, we have no clue what’s going to happen. We buy ’em when they’re going up, and sell ’em when they’re going down. That’s about the extent of it.”

    I put those words in Harding’s mouth. He’s much more eloquent than I am.

  2. Trend traders don’t make for interesting interviews (unless they are speaking to other trend traders). The audience wants tips. They want to be told what to buy. Telling your audience that you don’t know how long a price trend is going to last or how high it will go but that you will enjoy the ride doesn’t come across as sophisticated as the “experts” who explain their top-down or bottom-up analysis for example. I am very pleased with my trend trading results and couldn’t care for the opinions of most of the “experts” in the media. To be fair, I’m sure the “experts” don’t care for my opinion either!

  3. Dude, let these people buy and hold… it’s not the worst… it’s what the want… don’t blame them… and most of them don’t care about their money within the next 5, 10, 15 years… so my advice to you: focus on your money to grow… no emotions!

  4. It’s definitely ok to say buy and hold is dead but completely unacceptable to say trend following is dead LOL (neither are).

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