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Investor or Trader? What are You?
Posted on June 22, 2008
I attended a wedding this weekend and, during the dinner afterwards, I was telling a friend about this blog and my upcoming book, Running with the Herd when he unexpectedly hit me with, Are you an Investor or a trader? He quickly followed up with a question that sounded like skepticism in his voice How long do you own stocks, a year or less than a year? With what sounded now like derision, he quickly said that he usually holds stocks for three years or more , clearly implying that anyone who didn't do the same was somehow a gambler and not truly worthy of any sort of objective consider...
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