Stock markets - Day trading and the long haul - Article for the day 7 August

Warren Buffet stated that in the short run the stock market is a Voting machine and the in the long run it is a weighing machine. You can build long term wealth not on insider tips but by just staying invested over the long run. Returns on equity have outpaced inflation easily over the years.

However, given that brokers make money on us trading more every "advisor" that we have wants us to trade more. Every business news channel gets paid through advertising revenue. So they offer "tips" that are meant for you to trade more. This is the wrong approach to investing as pointed out by Value Research.

http://www.valueresearchonline.com/story/h2_storyView.asp?str=23228

P.S. The logic behind these posts can be found in this post