This kind of bullsh*t is why I named my first newsletter pigsgetrich and why I still have the domain wallstpig.com which may come back this year.
It’s also why I use the name Wally Street when filling out forms for newsletter services. And, it’s why the logo for my site looks like Warren Buffett. I’m not saying that Warren is a greedy pig, more that the phrase “bulls make money, bears make money, pigs get slaughtered” is completely wrong if you’re a real investor.
Realize this… the reason Wall Street exists was to allow for money to be made via the liquidity it affords investors. At the end of the day, it is a net positive. That being said, most income earning investors would be better served buying individual common stocks one at a time and holding them for a decade or two or three or four instead of trying to time the market to make a buy or sell.
Some investors that can follow a focused approach of cycling annually like Joel Greenblatt’s magic formula would likely do alright, but miss out on the big wins like the following examples. Each of the stocks below traded up and down through multiple bull and bear cycles.
The pigs won…
These are just a few of the many examples, but hey! Maybe next time someone tells you don’t be a pig when it comes to holding an investment, think of the time you sold something only to watch it go up 10x.
Remember pigs get rich.