Quote:
Originally Posted by calgarywinning
The sad thing is Goldman Sachs was caught recommending that clients sell their shares of H.J. Heinz while buying them immediately off their clients with imminent knowledge of berkshires move. I recommend people read about what Mark Cuban has to say about investing.
http://blogmaverick.com/ |
Cuban makes a couple of interesting points there, but he is also just plain wrong about others. His points about the now short-term nature of the market and the fact that some basically check their holdings daily for example is all well and good. It has nothing to do with how he (or an individual) invests and sometimes investing where a bunch of short term investors have made their mark is good for the long term investor. It gives you price fluctuations which provide good entry points.