Message:

<p>[QUOTE=&quot;medoraman, post: 1309979, member: 26302&quot;]Jason, this is a conundrum. Everyone believes they are above average, but they cannot be. While this proves the &quot;average&quot; investor has to have average intelligence, it is average intelligence that moves the market. You cannot be too far in front of what average investors are doing, or you can be in a world of hurt. Many people correctly predicted the end of the dot com era, but were wiped out. They were too early. The old saying is very true, the market can remain irrational longer than you can remain solvent. You want to be one step ahead, not three or four or you can be swimming too much upstream and get overwhelmed.</p><p><br /></p><p>Also, while average investors are average, please do not get too cocky. I have met the Phd&#039;s on Wall Street, and other investment professionals, and you would be surprised by the cumulative IQ. I do not believe any person in the world can out IQ this group, but you do have a huge advantage since you aren&#039;t on Wall Street and can avoid their groupthink. Warren Buffet claims he would not have been successful if he was headquartered in NY, his biggest advantage is he is in Nebraska.</p><p><br /></p><p>Hope this at least gave you something to ponder. If it were easy everyone would do it, right?</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in