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Panic on Silver or Gold in 2013? Collapse of the U.S. Dollar?
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<p>[QUOTE="Cloudsweeper99, post: 1438438, member: 3011"]Read Buffett's article "The Superinvestors of Graham-and-Doddsville." It answers your concerns and proves Taleb wrong. Of course, anyone is free to believe what they want. If someone believes it is impossible to beat the market, then they will probably never be able to do it. It is more difficult to unlearn the things you were taught that are wrong than to learn new things that are correct. Also, I don't think that making millions is the benchmark for success. Return on capital should be the benchmark. Someone starting with $10,000 with little to add may be extremely successful at investing and never make millions. Someone else might start with $1M and end up with more money but a lower rate of return, and not be successful by that measure. So success is relative to the starting point.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1438438, member: 3011"]Read Buffett's article "The Superinvestors of Graham-and-Doddsville." It answers your concerns and proves Taleb wrong. Of course, anyone is free to believe what they want. If someone believes it is impossible to beat the market, then they will probably never be able to do it. It is more difficult to unlearn the things you were taught that are wrong than to learn new things that are correct. Also, I don't think that making millions is the benchmark for success. Return on capital should be the benchmark. Someone starting with $10,000 with little to add may be extremely successful at investing and never make millions. Someone else might start with $1M and end up with more money but a lower rate of return, and not be successful by that measure. So success is relative to the starting point.[/QUOTE]
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