Buffett Jr

Cramer's Now a Market Timer?

I completely agree with everything you wrote. I didn't hear what Cramer said but he doesn't influence my investment choices anyway so that part is not relevant to me. The game has not changed. The statistics you put up seem very viable to me. I do admit I like trading and market timing but I do so with less than 10% of my portfolio and honestly my LTBH always beats my market timing picks I trade for the thrill but not because I expect to get rich from it.

One other thing LTBH doesn't mean throwing a dart onto a wall full of tickers and thinking you will get rich. It takes deep research and patience and the discipline to get out of things fundamentally change as well as ride it out when they haven't but the market is not acting rational.