Bruce,He can say it, because it was more than likely true.You...

Bruce,

He can say it, because it was more than likely true.

You can criticize buy and hold for some companies, but not for ones like BSG - in early May 2007, it was $3.35. In May 2005, it was $0.40, so a 8-fold increase in two years. In May 2006, it was $2.80, so still a 20% increase over one year.

You might be able to trade all day and make money from it, but not all of us have the time (or inclination, in many cases) to identify new, quality targets weekly or even monthly. Finding a quality stock like BSG is ideal for someone in such a position and, having found one, holding it is often the best strategy.

Let's face it, if you don't have the time or expertise to investigate the many stocks out there, it's better to find a few goodies and hold them, rather than, say, basing your trading strategies on hot tipsters down at the forum.

[BTW, I would add that some years, active managers win the return stakes and other years, it's index managers.]