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hypothetical question about what you do AFTER silver spikes or you sell...
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<p>[QUOTE="Cloudsweeper99, post: 997167, member: 3011"]Obviously they didn't do their homework, even if they thought they did, and that's why they lost. I looked at a couple of the stocks you mentioned for potential purchase and rejected them. NEW was another.</p><p><br /></p><p>Think of the market as a casino. But it's a different kind of casino. Instead of the odds favoring the house, they favor the player since the long term trend in prices is up. If you stay away from leverage, fads, tips, and stocks with little or no business track record; and avoid paying high multiples of earnings and cash flow, things generally work out well for any diversified group of such companies. I'm not a genius by any means, but I've done well. I also taught my sons what to look for, and they have done well. I think just about anybody can do this successfully as a dedicated amateur.</p><p><br /></p><p>I agree it is part luck. But good and bad luck tends to cancel out in the long run.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 997167, member: 3011"]Obviously they didn't do their homework, even if they thought they did, and that's why they lost. I looked at a couple of the stocks you mentioned for potential purchase and rejected them. NEW was another. Think of the market as a casino. But it's a different kind of casino. Instead of the odds favoring the house, they favor the player since the long term trend in prices is up. If you stay away from leverage, fads, tips, and stocks with little or no business track record; and avoid paying high multiples of earnings and cash flow, things generally work out well for any diversified group of such companies. I'm not a genius by any means, but I've done well. I also taught my sons what to look for, and they have done well. I think just about anybody can do this successfully as a dedicated amateur. I agree it is part luck. But good and bad luck tends to cancel out in the long run.[/QUOTE]
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