my mom told me that my gains are just on paper because i don't sell. she, on the other hand, regularly trades in the stock market.
me: 'mom, we're different. you buy to sell. i'm here to keep. you're speculating. i'm investing.'
as the tagline of baron funds goes:
"It's about the investment. Not the market."
\m/
= = = = =
from the Wealth Wizards gallery by Forbes:
“I had been involved in short sales for a couple years, and the managing partner, a senior trader, called me in. He said ‘Ron, you’re a very good analyst, but you’re wasting your time on short sales; show me the short sellers’ yachts.’”
- Ron Baron
Baron Capital
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