http://www.fortunewatch.com/warren-buffets-investing-and-inspirational-quotes/ Money Is Power Sat, 28 Jan 2012 15:42:51 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.fortunewatch.com/warren-buffets-investing-and-inspirational-quotes/comment-page-1/#comment-14300 Ivalene Sat, 24 Sep 2011 07:22:37 +0000 http://www.fortunewatch.com/?p=855#comment-14300 In the comlpicaetd world we live in, it's good to find simple solutions. In the comlpicaetd world we live in, it’s good to find simple solutions.

]]> http://www.fortunewatch.com/warren-buffets-investing-and-inspirational-quotes/comment-page-1/#comment-12522 Sherise Kuhne Sun, 10 Apr 2011 22:15:49 +0000 http://www.fortunewatch.com/?p=855#comment-12522 Absolutely fantastically written. Real props. Usually, I do not comment on blog posts unless I feel a great desire to do so! I've worked in various hedge funds in my life and just wanted to supplement some information on asset management. The biggest new craze now is Forex trading which I see a lot of my customers do. Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex" and "lose" to see this is the consensus. Forex is similar to what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. The net winnings of everyone combined equals zero. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game. Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you. There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it. I would recommend not trying to do Forex at all, unless you are a trained professional. It's like playing poker with people better than you, with the house constantly taking a small percentage from the pot. I, myself, prefer index funds, particularly the S&P 500 - just read the NOVA article by Delos Chang - there is a great deal of ideas there that you can wrap your head around. Absolutely fantastically written. Real props. Usually, I do not comment on blog posts unless I feel a great desire to do so! I’ve worked in various hedge funds in my life and just wanted to supplement some information on asset management. The biggest new craze now is Forex trading which I see a lot of my customers do. Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words “Forex” and “lose” to see this is the consensus. Forex is similar to what we call a “zero sum” game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. The net winnings of everyone combined equals zero. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the “bets” in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game. Actually Forex is not quite a zero sum game. It’s a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It’s a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you. There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it. I would recommend not trying to do Forex at all, unless you are a trained professional. It’s like playing poker with people better than you, with the house constantly taking a small percentage from the pot. I, myself, prefer index funds, particularly the S&P 500 – just read the NOVA article by Delos Chang – there is a great deal of ideas there that you can wrap your head around.

]]> http://www.fortunewatch.com/warren-buffets-investing-and-inspirational-quotes/comment-page-1/#comment-7905 warren buffet Fri, 05 Sep 2008 08:31:24 +0000 http://www.fortunewatch.com/?p=855#comment-7905 [...] wrong because the crowd disagrees with you. You are right because your data and reasoning are right.http://www.fortunewatch.com/warren-buffets-investing-and-inspirational-quotes/BusinessWeek: The Warren Buffett You Don't KnowIn-depth profile of the ace stockpicker and [...] [...] wrong because the crowd disagrees with you. You are right because your data and reasoning are right.http://www.fortunewatch.com/warren-buffets-investing-and-inspirational-quotes/BusinessWeek: The Warren Buffett You Don’t KnowIn-depth profile of the ace stockpicker and [...]

]]> http://www.fortunewatch.com/warren-buffets-investing-and-inspirational-quotes/comment-page-1/#comment-7736 More boring stuff from the Net :|»Boringest :| - Moolah!!! Wed, 20 Aug 2008 22:56:13 +0000 http://www.fortunewatch.com/?p=855#comment-7736 [...] Warren Buffet's Investing And Inspirational Quotes | Fortune Watch • Wide diversification is only required when investors do not understand what they are doing. [...] [...] Warren Buffet's Investing And Inspirational Quotes | Fortune Watch • Wide diversification is only required when investors do not understand what they are doing. [...]

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