If long-term investors are basing investment decisions on what their friends are investing in, they need to rethink their entire investing philosophy and strategy. Heck, Buffet's trades are public - if you had to choose between the two, would you rather mimic Buffet's trades or would you rather mimic your friends? Or 5 of your favorite investors instead of 5 of your friends?
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If long-term investors are basing investment decisions on what their friends are investing in, they need to rethink their entire investing philosophy and strategy. Heck, Buffet's trades are public - if you had to choose between the two, would you rather mimic Buffet's trades or would you rather mimic your friends? Or 5 of your favorite investors instead of 5 of your friends?