Michael Ross
October 24, 2000, 08:55 AM
Go back in time and invest in the very same things Warren Buffet did.
A while back there was a thread. In that thread passive income was mentioned. Investing for the long haul was mentioned. Slow and steady growth was mentioned. Only a few people were interested.
Recently a thread appeared. In that thread INSTANT WEALTH was mentioned. Buying large volumes of "stock" with small investments was mentioned. The whole board went nuts over it.
While the only thing I know about the stock market is that the broker makes money when you buy and when you sell (regardless of whether you made or lost money), I am a good observer. And what I saw is interesting.
It seems to me that most people would rather make a quick buck than go into something for the long haul. Even if the long haul makes more sense or is a "safer" way to go. (matter of opinion of course)
Okay, so this is nothing new. I just found it interesting to see it played out in living technicolor on the one board.
Hmmm.
Michael Ross.
A while back there was a thread. In that thread passive income was mentioned. Investing for the long haul was mentioned. Slow and steady growth was mentioned. Only a few people were interested.
Recently a thread appeared. In that thread INSTANT WEALTH was mentioned. Buying large volumes of "stock" with small investments was mentioned. The whole board went nuts over it.
While the only thing I know about the stock market is that the broker makes money when you buy and when you sell (regardless of whether you made or lost money), I am a good observer. And what I saw is interesting.
It seems to me that most people would rather make a quick buck than go into something for the long haul. Even if the long haul makes more sense or is a "safer" way to go. (matter of opinion of course)
Okay, so this is nothing new. I just found it interesting to see it played out in living technicolor on the one board.
Hmmm.
Michael Ross.
