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<p>[QUOTE=&quot;mikem2000, post: 1734659, member: 30574&quot;]Yeah,&nbsp; I just touched on this post in the &quot;how low can you go thread&quot;.&nbsp; While there can be no argument that nobody &quot;knows&quot; for sure, I think it is important to understand it is not a coinflip either.&nbsp; I think you run the risk of making bad decisions if you feel that it could go up, or it could could down, who really knows?</p><p><br /></p><p>The way I have always saw it is, there are inefficiencies in the market.&nbsp; To be a successful (good) investor, the challenge is to find these these inefficiencies and they make sure you find you youself playing the correct side of the inefficiency. You do this, and you will win more times than your will lose. </p><p><br /></p><p>&nbsp;The ironic thing about this is, there would be no inefficiences if everyone was a good investor.&nbsp; To take it further, if EVERYONE was a good investor, well, there would be NO good investors, just a bunch of average investors, since the&nbsp; inefficiences would no longer exist, and you could not play the odds since everything was valued fairly.&nbsp; So just like a top needs a bottom, a good investor needs a bad investor.&nbsp; Sorry to get all ZEN on ya.</p><p><br /></p><p>Mike[/QUOTE]</p><p><br /></p>

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