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<p>[QUOTE=&quot;Cloudsweeper99, post: 1280370, member: 3011&quot;]What you missed [several times now] is that even if the price of a stock fails to rise for a decade, it doesn&#039;t mean that the underlying business is standing still.&nbsp; Earnings and sales continue to grow for many businesses.&nbsp; So a stock that may have sold for 20 times earnings a decade ago may be 10 times earnings now.&nbsp; You look at the stock and see failure.&nbsp; I see opportunity.&nbsp; Studying what works in investing over long periods of tim [e.g., value investing techniques] is not thoughtless investing.&nbsp; It is the key to success.&nbsp; I agree that for you, buying common stocks is pure gambling because you don&#039;t understand what makes one company a good buy and another something to be avoided, and aren&#039;t willing to put in the work to learn.&nbsp; I see a variety of individual investors and professionals [who should know better] say that investing is harder now than in the past.&nbsp; They choose to forget that investing was, is, and always will be an activity that is always difficult and highly competitive.&nbsp; But your bias is to look at what exists today, become overwhelmed by the complexity, and imagine that during some distant past golden age things were easier.&nbsp; They are never easy for the lazy or those with preconceived ideas about the probability of success.[/QUOTE]</p><p><br /></p>

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