I was stating, in a simply way, the results of many many many
studies on how 'traders' (especially short term traders) fare
over the long run. To put it another way, I believe it was Mr.
Buffett who said that capitalism is the gradual transfer of
wealth from the impatient (traders) to the patient (longs)...
and I've found that to be the case in virtually ever stock I've
ever invested in. But what I think or don't think is beside
the point...traders are simply gamblers who game the system
the same way a leech sucks the life out of its host.
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