Losses Losses Losses

Many companies like Telekom, Maybank and Genting in Malaysia were thought to be in good hands and have strong management until recently they were reporting losses from investment overseas. Well, I do believe that in business there are no sure profit and risks have to be considered. Therefore, there is also no one rule of making money in the stock market. Even company that Buffett holds his trust so strongly to still loses money. Coke for instance. 

Strong companies like AIG, Citigroup and Lehman were once thought to be mighty and resilient to any storm. Now, they are filing for protection and begging government for money. Will there be hope for long term holding of stocks and wait for it to bear fruit and pay for our houses? I still think it is a good idea to buy low and sell high but it is very difficult if not impossible to correctly identify the lowest and the highest of a price the stock can go, given that the stock will still be here. Therefore, I still think it to be unwise to hold stocks. I would rather for long term, hold gold, silver, copper and other commodities that will not rot and diminish in value. Buy only stocks when there is a good sentiment. Sell when it is bad. I personally would prefer to trade rather than hold. At least losses can be minimised and I can be ready to ride the trend when it is in good time. With this, I would not be caught when any company goes bust. I would also be happily sitting to wait for a big sell down to be able to pick up the pieces when it is ready for rebounds. Certainly I won't be as rich as Buffett but I think I'll be able to do better than average people with this.