The Texas populist take on the tax cut

Doug Henwood dhenwood at panix.com
Fri Jan 10 12:00:35 PST 2003


Jordan Hayes wrote:


>I know I'm probably atypical on this list for actively managing
>my finances

Does that mean trading stocks actively? Unless you're a very rare person, and you may be, you're almost certainly worse off trading than just buying & holding. This is one of the best-established empirical truths in all of finance.

Doug



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