There is an interesting discussion thread in Valuebuddies.com about Investing versus Trading:
http://www.valuebuddies.com/thread-1460-post-13859.html#pid13859
I have no desire to engage in “academic” debates. I see it’s more a case of each side trying to fit round pegs in square holes or square pegs in round holes. Geez! We can’t we follow our NS army shooting range instruction? Own time own target, fire! Why bother the round pegs who have found their round holes? And vice versa?
There’s an interesting point that was brought up. Why traders who consistently hit 50% correct trade need to teach?
I normally don’t like to hide behind this guru says this, that wizard says that… I prefer to say what I think! But sometimes, I do refer to the source of my inspiration – not to hide behind – but to give proper accreditation. I “steal with pride”; but I don’t steal credit!
I share the reflection of the writer below. And in order not to re-invent the wheel, you may want to read why traders teach when they are already very successful in Trading (be patient and read from top to bottom for the full context and perspective:
To holier than thou “investors”, have you ever asked or questioned why successful and rock star professional investors (mutual or hedge fund managers) who are millionaires and billionaires themselves, why do they still need to manage money for others?
If you pause and think about it, it’s not so different from Trading gurus and wizards.
What? Show you proof from authoritative sources like official government sources or universities professors than you will believe? (And I thought having an education is to have independent thinking…)
OK, you got me! I bow in deference. We different wavelength. I prefer to go to the fishmonger to learn how to tell a fish is fresh or not; than to refer to an ivory tower thesis on how to tell a fish is fresh or not ;)
Singapore Man of Leisure (welcome to my blog; just google it!)
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