Thanks for posting. An excellent accolade. Begs the question: Is WBT the biggest sleeper on the ASX? At a minimum ... with the Onsemi agreement already in the bag, there will be 5 more commercial agreements to be announced this year ... or Coby loses his performance bonus. He didn't have to tie his bonus to 6 agreements so must be damn sure the remaining 5 will be executed or he stands to lose a shed load of money. I have little doubt there will be a household name or two amongst them. The share price currently is at a big discount to where it should be in my view. ... so I keep accumulating when I can and wonder why on earth anyone would sell this stock at current prices.
Warren Buffett Says "The Stock Market is Designed to Transfer Money from the Active to the Patient" and the Numbers Prove He is RightThe Harsh Reality Of Day TradingWhile day trading often appears glamorous, the statistics paint a grim picture for most who attempt it:
- Less than 1% of day traders consistently profit after fees.
- About 4% make a living, though not necessarily a lucrative one.
- Only 1.6% are profitable in an average year.
Studies show that over 97% of day traders lose money over time. Despite this, many are drawn to the liquidity and perceived control offered by frequent trading. Buffett, however, believes this liquidity can be a trap. “There’s a temptation for people to act far too frequently in stocks simply because they’re so liquid,” he said.
The Bottom Line
For the average investor, Buffett’s guidance is clear: patience, discipline, and a long-term perspective are the keys to success. Whether through low-cost index funds or carefully chosen individual stocks, the goal is to focus on businesses that will thrive over time.
As Buffett himself quipped in 1991, comparing day trading to investing is “like calling someone who repeatedly engages in one-night stands a romantic.” For those seeking lasting returns, the message is clear: stay patient, stay invested, and let time work its magic.
https://www.barchart.com/story/news/29798256/warren-buffett-says-the-stock-market-is-designed-to-transfer-money-from-the-active-to-the-patient-and-the-numbers-prove-he-is-right
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