zflk blitzkrieg paradigm

How many companies considered "blue chip" 20
years ago are totally unknown today?

Some people have invested for the long term
and have profited from that endeavor. Perhaps a "buy and
hold" mentality was viable 20 years ago. But now, as they
say, "change is the
only constant." In fact, today it is not just change
that is constant, it is...

Blitzkrieg "Paradigm" Change!

Anyway, if you are a "buy and hold"
"invest for the long term" type of investor, you and
I are definitely NOT on the same page.

Extremely
Short Term Investors: At the other end of the spectrum are
the "day traders." These guys stay glued to every
tick of the market... and... are often in and out of a stock
or stock option in less than five minutes. The
best-of-the-best is a guy named Martin "Buzzy"
Swartz who is considered Wall Street's champion trader.
There's a book out about him now called PIT
BULL published by Harper Collins Publishers and you can
learn about it by calling 1-800-331-3761. It's locator ID is
ISBN 0-88730-876-7. He's very successful (at investing) and
he's got more mathematical formulas than Einstein. Near the
end of the book he summarizes an average day in his life.
Here's my extremely hyphenated version of his typical
schedule:

6:45 a.m.

Alarm goes off. He gets out of bed.

6:45-7:20 a.m.

Showers and shaves. Used to have a little pager that
gave him market quotes 24-hours a day which he would put next
to the mirror so he could watch the prices while he was
shaving. His shrink convinced him this was a bad idea.

7:20-7:30 a.m.

Cleans out his plumbing. His grandfather taught him
nobody is ready to start the day until they have cleaned out
their plumbing twice. "Try taking a crap in an outhouse in the dead of winter and you'll
always appreciate indoor plumbing. I do, twice a day."
(That's a little more than I felt I needed to know. But hey,
it's his book, isn't it?)

7:30-7:40 a.m.

Breakfast. Bowl of Kellogg's Oat Bran, a glass of
Blood's fresh-squeezed orange juice, and two pieces of
Pepperidge Farm whole wheat toast. Says he eats to loosen up,
not to fill up. Reads the "Sports" section of the New York Times while breakfasting.