Problem with the long game is that it can be a very long game indeed, and then not only you are dead, but the market is still irrational. If you read http://en

Problem with the long game is that it can be a very long game indeed, and then not only you are dead, but the market is still irrational. If you read http://en.wikipedia.org/wiki/Reminiscences_of_a_Stock_Operator http://en.wikipedia.org/wiki/Reminiscences_of_a_Stock_Operat... you will notice that people like Warren Buffet have always been in the minority, as much as people hate to admit it, there is always that element of speculation in their investing. The problem, according to Mark Cuban(and I will agree here), that there has been too much emphasis on the creating leveraged bets, and skimming in HFT, and not enough emphasis on capital creation for companies new(read - startups) and old.