Friday, August 17, 2007 9:35:06 PM
As far as being wiser, I'd venture to say that about 50 percent of the time, flippers are luckier than the average person, and about 50 percent of the time flippers are unluckier because being wise is a relative attribute. I know, I know all sorts of folks make a living trading and flipping and all sorts of folks are buy and holders, but 90 percent of the folks out there do worse than the general market because they are too skiddish.
Being wise is knowing which stocks to flip, and which ones to hold. After a year with SWVC I'd venture to say that you would agree with me.
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