investment strategy, page-10

Just a time frame thing. I suspect buffett actually meant to say trading rather than investing.

As an investment strategy, you can't go too far wrong buying value and dollar cost averaging. If you're a good stock picker you'll beat the market.

Traders on the other hand will want to be in cash right at this moment, and that could change next week or in 8 weeks time as the market gathers for its next upleg.