Tuesday, December 20, 2005

Losch Management - Home: "It says something about the nature of the current market when it is easier to make money by taking short-term gains than it is with buy and hold. We much prefer the long term buy-hold approach (provides us with more leisure time). However, with the capital markets flooded with surplus investment funds from all over the world, we see little chance that the returns will be any better this year than it was last year."

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