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<p>[QUOTE="bekiz, post: 1439023, member: 36546"]Right - that puts investors who beat the market for a long time at the height of the intellectual pyramid of mankind because they have learned the knowledge and mastered the skills no one else can. </p><p><br /></p><p>If to compare number of people who studied brain surgery to the number of people who studied investing and find out the rate of success of an outcome I strongly believe that brain surgeons have much higher rate of success. </p><p>Because while one is the science and skills the later is just a mix of skills, gut feeling (which might attributed to luck as well) and luck. </p><p><br /></p><p>Explanation that people were taught wrong that's why they cannot make money doesn't make sense as those billionaires studied the "science" and mastered the skills on the same ground on the planet Earth. Funny while to become successfull brain surgeon there is a clear path while to becoming successful investor -there is just ideas and thoughts what to do. </p><p><br /></p><p>P.S. BTW one of my majors is in business and until I quit trading the market I had my return no less then 18% for the years 2004-2010, until I decided to cash out, and buy some land in several parts of the world, partner with one company in 3rd world, and start investing in physical bullion as well as going into numismatics. And I consider myself lucky to have 18% ROI (even though I spent some time researching the companies, TA and other things like timing - which is not science but common sense: buy what you know)[/QUOTE]</p><p><br /></p>
[QUOTE="bekiz, post: 1439023, member: 36546"]Right - that puts investors who beat the market for a long time at the height of the intellectual pyramid of mankind because they have learned the knowledge and mastered the skills no one else can. If to compare number of people who studied brain surgery to the number of people who studied investing and find out the rate of success of an outcome I strongly believe that brain surgeons have much higher rate of success. Because while one is the science and skills the later is just a mix of skills, gut feeling (which might attributed to luck as well) and luck. Explanation that people were taught wrong that's why they cannot make money doesn't make sense as those billionaires studied the "science" and mastered the skills on the same ground on the planet Earth. Funny while to become successfull brain surgeon there is a clear path while to becoming successful investor -there is just ideas and thoughts what to do. P.S. BTW one of my majors is in business and until I quit trading the market I had my return no less then 18% for the years 2004-2010, until I decided to cash out, and buy some land in several parts of the world, partner with one company in 3rd world, and start investing in physical bullion as well as going into numismatics. And I consider myself lucky to have 18% ROI (even though I spent some time researching the companies, TA and other things like timing - which is not science but common sense: buy what you know)[/QUOTE]
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