capt Brian

Buffett Gets 'Comeuppance' After Gold Outperforms

At any point in a lifetime of investing, you must stub your toe or you are not taking appropriate risk.
On Buffetts worst day I would trade with him for over the years he has done fine. I do not, however, like him, his stance, his politics or anything else except his financial position which has been won by taking huge risks in mkts for a long time proving, sticking to your guns is fine over the long term, but switching with the ebb and flow of the currrent economic trends would probably have stood him better.

I find that swimming against the main current is not usually healthy, and going with the flow will hold up best, but that entails you knowing when your direction is wrong, and not be afraid to short the market.

In any case, gold held long term will probably be a winner, and so will stocks, it really depends on yhour starting point, holding ability, and cash flow to use while you are waiting to be right in your views.

For me, I simply pretend each trading day is a new situation, I have been given $000,000,000.00 and start fresh taking a look from where to where the wind is blowing, and put up my sails for that direction. I am doing better and better the more I follow the wind and not try to sail into it.

Capt Brian