Quote:
Originally Posted by thaskalos
Don't all the kids on the playground fantasize about being the next "Michael Jordan", or "Derek Jeter"? And...don't all the "serious" poker players dream of being the next "Chip Reese"? I just figured that all the serious horseplayers dream of being the next Pittsburgh Phil".
I know I did...
|
Assuming they have the knowledge and bankroll to do so, as soon as they realize how much work is involved they go back to work and play horses on the side.
That's one thing that makes the stock market investing so monstrously superior. If you are doing it properly, all the work is done up front. You identify great businesses you would like to own and wait until one or more of them reaches a price that makes sense. When one does, you buy and you check the price 10 years later.
