Short-Term Investing Quotes

Having the opportunity to follow the market frequently gives you the opportunity to see if you need to reevaluate your portfolio. But reevaluating your portfolio shouldn't trigger a sell signal so frequently.

There's such a preoccupation with liquidity and such an unwillingness to invest beyond the horizon of the next quarter and making sure that the CEOs hit their quarterly earnings.

The average mutual fund holding period for equity or fixed income is only about three years. It's too short.

Long-term investing has gotten so popular, it's easier to admit you're a crack addict than to admit you're a short-term investor.

A hedge fund manager whose clients demand monthly performance reports has different needs than any individual investors with a 20-year time horizon. The needs of that long-term investor differ markedly from someone who is retiring in three years.

Industries with rapid change are the enemy of the investor. Tech businesses, particularly biotech, is a problem from that point of view. All industries work with change, but you should ideally be investing in businesses with a low rate of change, not a high rate of change.

Hedge funds are not noted for their long-term thinking - for them, a quarter is an eternity.

A rule of thumb is that the best investors focus on losers, and the winners take care of themselves.

We make too much out of past performance, and it's very misleading to investors. It causes them to move money around. They buy a fund that's hot and then it turns cold as all hot funds eventually do. And then they get out. Well, buying at the high and selling at the low isn't going to leave you a satisfied shareholder, right?

It doesn't matter whether the market is up or down. All the day traders want is volatility.

If you are a short-term trader, you have the right to come and go from our funds.