{"id":12876,"date":"2017-11-08T21:25:29","date_gmt":"2017-11-09T03:25:29","guid":{"rendered":"http:\/\/huewhite.com\/umb\/?p=12876"},"modified":"2017-11-08T21:25:29","modified_gmt":"2017-11-09T03:25:29","slug":"creeping-disappointment-ctd-4","status":"publish","type":"post","link":"https:\/\/huewhite.com\/umb\/2017\/11\/08\/creeping-disappointment-ctd-4\/","title":{"rendered":"Creeping Disappointment, Ctd"},"content":{"rendered":"

I would be a bit disappointed in myself if I didn’t make the effort to be fair, so on this thread<\/a>, here it is:<\/p>\n

The Motley Fool\u00a0<\/strong><\/em>wrote a letter to its members that didn’t try to sell a service.<\/p>\n

It was just advice, and the best advice it’s been handing out for years. In the face of the robots and High Frequency Traders …<\/p>\n

\"\"<\/a>Minute-by-minute stock moves aren’t our game<\/strong><\/p>\n

Our game is played over years. Decades even. Across our Foolish services and across the continents, we’ve demonstrated the power of long-term, patient, business-like investing.<\/p>\n

And competing against the billions of dollars supporting HFTs or quantitative shops stacked with PhDs isn’t our idea of winning.<\/p>\n

It reminds me of Warren Buffett’s advice about playing a world-class chess champion. “How do you beat Bobby Fischer?” he asked. “You play him at any game but chess. I try to stay in games where I have an edge.”<\/p>\n

Like Buffett, your investing edge lies in focusing on your businesses more than your stock prices.<\/p><\/blockquote>\n

And the letter goes on to extol long-term investing. Much as I said in this post<\/a>, you can’t beat robots and HFTers at their game – but you can win at your own if it’s long-term investing.<\/p>\n

Not that this excuses the blatant manipulation I’ve noted in other discussions, but it’s good to see TMF<\/strong><\/em><\/a> still remembers their roots.<\/p>\n","protected":false},"excerpt":{"rendered":"

I would be a bit disappointed in myself if I didn’t make the effort to be fair, so on this thread, here it is: The Motley Fool\u00a0wrote a letter to its members that didn’t try to sell a service. It was just advice, and the best advice it’s been handing \u2026 Continue reading → <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12876","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/12876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/comments?post=12876"}],"version-history":[{"count":2,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/12876\/revisions"}],"predecessor-version":[{"id":12880,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/12876\/revisions\/12880"}],"wp:attachment":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/media?parent=12876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/categories?post=12876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/tags?post=12876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}