Thursday, November 30, 2006 11:08:21 AM
when describing USSE/USSP. If we assume all goes well (which might not happen), this could be as incredible a technology change/advance in human history as almost any other you could mention... telephone, light bulb, tv, computer.
I've owned my share of stocks that surprised me with their success... if this company lives up to the potential it appears to have... it will surpass them all up to now.
I have never been a player/day-trader in stocks... it is too much like being a professional poker player (and that looks like more fun on tv). Poker players might have the advantage... no MMs and shorters skewing the odds!
I have owned "growth" stocks for long term appreciation because it appeared to be the thing to do for fairly certain gains... much like real estate without tenants to worry with!
My trading (when finally financially able) has been done in the commodity markets... it makes more sense to me to be there than day-trading stocks trying for pennies/share. The margin requirements differ so greatly that your money can earn more for you in commodities... than in stocks.
"I call investing the greatest business in the world because you never have to swing... All day you wait for the pitch you like,... The problem when you're a money manager is that your fans keep yelling, 'Swing. you bum!'"
W. Buffett
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