Friday, January 28, 2011

Philip Fisher: Shocked By Short Term Traders

"I remember my sense of shock some half-dozen years ago when I read a stock recommendation to sell shares of a company. The recommendation was not based on any long-term fundamentals. Rather, it was that over the next six months the funds could be employed more profitably elsewhere."

Philip Fisher

1 comment:

  1. Yep, that's why the accounts of swing traders grow faster than that of the buy and holder's. At least, once you learn how to swing trade properly.