peterb: No disagreement whatsoever. But the analysis component is key. I’ll take my chances as an accountant over a day trader any day of the week, especially since, as an investor, I’m not investing a significant portion of my portfolio in commodities.
I’m a big fan of Ben Graham’s and hew closely to his notion of spending the time and doing your homework (the analysis you mentioned). Yep, I agree that such a strategy isn’t foolproof, but over the long run it yields far better results for far longer than jumping from market to market and employing a strategy that is nothing more than thinly disguised gambling.
If I have to pick between Buffett (a devotee of Graham’s) and Jim Cramer, well, that’s an easy one.
