From Do You Feel Lucky? Maybe Investors Should
But aren't individuals at the mercy of high-speed traders and institutional investors with giant portfolios?
"I think a lot of that talk is nonsense," Mr. Cloonan says. "Institutions are very short-term, constantly trading in and out. They're more concerned about not doing worse than average than they are about trying to think originally as investors."
For investors who are patient and disciplined, do their research and don't get caught up in the Wall Street game of trading too much, "it's easier than it's ever been to do pretty well," Mr. Cloonan says. "You just have to decide to do the right thing."
But aren't individuals at the mercy of high-speed traders and institutional investors with giant portfolios?
"I think a lot of that talk is nonsense," Mr. Cloonan says. "Institutions are very short-term, constantly trading in and out. They're more concerned about not doing worse than average than they are about trying to think originally as investors."
For investors who are patient and disciplined, do their research and don't get caught up in the Wall Street game of trading too much, "it's easier than it's ever been to do pretty well," Mr. Cloonan says. "You just have to decide to do the right thing."
