1) trading, buying and selling with little regard for stock fundamentals. can buy low and sell high and complete the trade within a day is ideal.  but how many people can really do that sort of thing? 2) value investing. quite the reverse of 1). lots of people call themselves VI. but how many people really are? True VI is hard. how many people have the patience to wait for the stock price to realise its potential? What if the calculation is incorrect? Does the returns commensurate the risks of waiting? 3) waiting for GO. there are a number of counters falling into this catogory. when this will happen? really no one knows? What if it does not happen? does one get paid while waiting? these are the questions one should ask 4) peter cundil/ warren buffet style...these involves skills. skills in picking up the right counters, which not ......