Tuesday, November 13, 2007

Quote for the Day, From Stuart Walton

"My philosophy is to float like a jellyfish and let the market push me where it wants to go."
- Stuart Walton, as quoted in Stock Market Wizards by Jack Schwager


Anonymous said...

Hi Bill,

I am a self confessed control freak, and I really think it hampers my trading. I'll quite often think about just letting the market push me where it wants to go. I spend hours figuring out the right mix of stocks and ETF's for what I call a Ron Popiel Portfolio "Set It and Forget It" . I obsess quite often about the right mix of stocks and will the market go up or down. The reality is...I have no control, so I'm not sure why I even try. I think its because a bad day on the market is still better than a good day at work.

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