[bvw]

"in it for the long term"

That's always and ever an excuse, not a wisdom. While it is true that for each investment, the term should be considered, and that there are wise long-term investments, and that "short-term" investment approaches tend to be mostly speculation and gambling, still folks make that kind of statement when they don't want to know from Adam, so to speak. It's wishful, not wise; ignorantly wishful.

Some great investor said, "In the long run we're all dead." -- yet that is not near enough of an adequate knock to the "in it for the long term" canard.

[rohry]

"That's always and ever an excuse, not a wisdom...Some great investor said, "In the long run we're all dead." -- yet that is not near enough of an adequate knock to the "in it for the long term" canard."

Well put, you wordsmith you...

[LS]

Don't lose track of the thread. The complaint was that I said that the market was a good investment over the long term, which is absolutely true. The response was, "What about the last two years?" and my response is the same: What about the last 25? You can prove anything by STARTING a timeline where you choose. There is no rational reason to begin a market analysis from 2000, any more than there is to start it at the lowest point of the Great Depression.