Successful Investing - The Great Debate

auburn said:

Quote from Burton G. Malkiel "A Random Walk Down Wall Street":

"...The message of the original edition was a very simple one: Investors would be far better off buying and holding an index fund than attempting to buy and sell individual securities or actively managed mutual funds....."

".........Now, over 35 years later, I believe even more strongly in that original thesis......"

Quote from Mark Shipman "Big Money Little Effort":

"...A buy-and-hold approach to investing may feel like a way to seek long-term growth, but it's not a legitimate way to preserve capital because such a strategy has no predetermined rules for liquidating an investment to bank profits or to offer protection if markets enter a sustained bear trend or go into free fall............buy and hold = the best of times and the worst of times......."

The great debate indeed..........

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