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<p>[QUOTE=&quot;bekiz, post: 1438379, member: 36546&quot;]Right, but one of the main ideas of Taleb is that successful market timing might be just luck. And he shows this with example if you remember (take 1000000 investors, after year 1 there is 50/50(let&#039;s say) chance they beat the market or lose, so year 2 starts with&nbsp; 500000, and ends with 250K, year 3 .... etc). And we come to the place where Buffets and others seat. </p><p><br /></p><p>So you are talking about science and skill. Let&#039;s take a look at all the hoard for example who graduated from the same schools (science) and went through the same training(skills) - are they all millionaires/billionaires?! My answer is NO. Because there is no science of investment. There is a skill of picking stock though, but lots of people possess the skill, but they are not worth millions. Why?! the same old LUCK <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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