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Author: joelxwil Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76418  
Subject: Re: Index Fund vs. Buying Individual Stocks Date: 11/24/2005 8:57 AM
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Just for the record, what I do is try to help people make money. I have never read anything on this board from the rest of you that remotely helped me do that.

MC talks a lot, but I have never heard him recommend a stock or tell how to find a good one - nothing more than generalizations.

And no, I don't hold losers. Perhaps if I had enough of the company to influence its policy, and knew what they were doing wrong, I would do that. But I don't.

And yes, people who buy and hold - particularly buy and hold index funds - are absolute idiots. The facts bear that out. Want to beat the S&P? Over the last 5 years a money market fund has done that. Not that I recommend being in a money market fund at this time. But that puts it into perspective.
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