Posted by: jhamon | June 16, 2009

Will Rogers On Buy And Hold: “Just Say No”

Movie star Will Rogers of Oklahoma

Will Rogers

Will Rogers had this to say about the dangers of “Buy and Hold”:

“I am not so concerned with the return on capital as I am with the return of capital.”

Welcome to the new, deflationary normal.  (By the way, if you’re ever in LA, visit Will Rogers State Historic Park in Pacific Palisades.  It’s an amazing spot to take a walk or have a picnic.  He might have been just an old roper, but Will Rogers sure knew how to pick a home site!)

Update 8/8/09: See our 10 Point Stock Trading Manifesto here.

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