Or is it many different worlds….I am not sure!
In the world of ‘investing’ as the media uses loosely, there are many worlds.
One is the speculator who has to buy and sell almost instinctively and almost instantaneously! These people do not always make profits. However given a good broker, good advice, and some leverage….these guys make some profits during the year.
The second is the ‘trader’ who does take delivery, but trades quite fast – maybe a buy on Monday will result in a sale on Thursday if it is not already sold on Wednesday….this category makes some money, but not much.
The third is the investor who analyzes the balance sheet, takes calls on companies etc…and in the long run makes tons of money.
The guys in the third category have to possess good stock picking sills – needless to say tremendous amounts of patience…this group is less than 2 percent of the market transactions.
The media caters to the first two categories only….now you know why it is difficult to watch television and invest 🙂
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