Common sense tells you that if you study hard you’ll perform well. stock picking isn’t like that. It’s more of a random walk with a long term average slope of around 10% upward.
No one can predict what natural disaster or terrorist event is going to happen next week. Nor can you predict what someone is going to invent that changes everything. And even if you could it’s damn hard to time things soas to profit by it.
By 2005 some very smart people realized that housing prices were going to burst because of the sub-prime lending that was going on. Were they rewarded for that insight? Most of them were not. They shorted the market too early or too late.
You can’t predict fair coin tosses and you can’t predict the stock market - at least long term.
No one can predict what natural disaster or terrorist event is going to happen next week. Nor can you predict what someone is going to invent that changes everything. And even if you could it’s damn hard to time things soas to profit by it.
By 2005 some very smart people realized that housing prices were going to burst because of the sub-prime lending that was going on. Were they rewarded for that insight? Most of them were not. They shorted the market too early or too late.
You can’t predict fair coin tosses and you can’t predict the stock market - at least long term.
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ONEZYPHER © LTD-2021: All rights reserved.