Programmer's Investing Notebook         :: Investing notes from a software developer :: | About Me |

Sure, it is always nice to buy something and have it surge immediately afterwards. Delightfully, this does happen. But aside from being lucky, investment is all about finding value that emerges over time. Markets tend to be overly short-term oriented; so long-term investors can always find something worth buying whenever the market responds to temporary events. --Dr. Charles Lieberman in Barron's Investor's Soapbox

Can't agree with it more. If you're a short-term investor or you just want to make a guick buck, you might get lucky and come ahead the smartest guy in the world. However, true investors put their money to work for long periods of time (at least 5 years). They invest in something they like and they get good returns. They always win, as opposed to short-term investors -- speculators -- who win only some of the time.