Lee Brodie calls a href="http://www.cnbc.com/id/27651174"the death of Buy-and-Hold/a based on the comments of Jeff Macke (Hattip a href="http://www.ritholtz.com/blog/2008/11/the-death-of-buy-and-hold/"Barry/a)? br /br /blockquote2008 is the year that will go down in history as the year that long term investment died as a thesis./blockquotebr /Jeff Macke may not be a fan, but calling the long term investment model a dead duck is absurd. br / br /Lee suggests diversification as a solution, but diversification dilutes gains and brings you towards ETFsm, then index funds, which invariable means a buy-and-hold strategy. It's not diversification or time frame that matters, it's risk management that's key. Taking money off the table is fine and dandy if your position heads into profit, but it doesn't protect you when things go against you (and frequently as was the case for many this year). It doesn't matter if you hold for minutes, hours, days, weeks, months or years - ...

CNBC Fast Money trades for 9/3 show:

Track these picks at:

http://trackthepros.com/

Jeff Macke: POT - Potash - Buy at $150 with a stop at $145

Guy Adami: POT - Potash - Buy HD - Home Depot - Sell GLW - Corning - Buy USB - USB - Buy on a pullback XOM - Exxon - Buy then sell as it approaches $82

Pete Najarian: FTO - Frontier Oil - Buy HMC - Honda - Buy

Jon Najarian: NOK - Nokia - Buy YUM - Yum Brands - Buy MCD - McDonald’s - Buy

Karen Finerman: JCG - J. Crew - Take profits

Carter Worth: MER - Merrill - Sell MS - Morgan Stanley - Sell LEH - Lehman - Sell AMTD - TD Ameritrade - Buy SCHW - Charles Schwab - Buy RJF - Raymond James - Buy

...

CNBC Fast Money Stock Picks - September 2, 2008

Track their picks at:

http://trackthepros.com/

Guy Adami:
JNJ - Johnson & Johnson - Buy
CHD - Church & Dwight - Buy
Jeff Macke:

SHLD - Sears - Buy
WMT - Wal-Mart - Buy

Karen Finerman:

AAPL - Apple - Buy
JCG - J. Crew - Buy

Pete Najarian:
SCHW - Charles Schwab - Buy
AMTD - TD Ameritrade - Buy
LXK - Lexmark - Buy
LMT - Lockheed Martin - Buy