Financial Thought of the Day November 7, 2014: Day Trading/Dog Track—What’s the Difference?

When you trade your stocks on a day in and day out basis you subject yourself to the daily whims of the stock market which could go in any direction based on an infinite number of factors. By contrast, buying a share of an excellent business and holding it for the long-term will make you wealthy. If you want to day trade you would be just as well off as to go the dog track.