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<p>[QUOTE=&quot;fatima, post: 1355609, member: 22143&quot;]People will also tell you they made lots of money at stocks when they really didn&#039;t.&nbsp;&nbsp; Nobody brags about losses.&nbsp;&nbsp; In other words, what people say about themselves is completely irrelevant.&nbsp; It&#039;s just like looking at historical stock market graphs and assuming the future holds the same.&nbsp; It&#039;s a violation of this very simple investing principle:</p><p><br /></p><p>[highlight]&quot;Past performance does not indicate future performance&quot;[/highlight]</p><p><br /></p><p>It continues to amaze me how many arguments get presented here, which ignores this. </p><p><br /></p><p>On you second point, it ignores, yet again, that people can no longer judge risk of the stock market.&nbsp; There is absolutely no way to calculate intrinsic value (if there is even such a thing, i.e. its gibberish) when the faith in the stock system has been destroyed.&nbsp;&nbsp; The small investor is completely exposed to the whims of the government, the banksters, wall streeters who walk off with assets, and all the other things said above.&nbsp;&nbsp; If one feels they are to engage the stock market then their evaluation absolutely must include the effect of these items, else they are simply delusional.&nbsp;&nbsp; Sensible people don&#039;t even try.[/QUOTE]</p><p><br /></p>

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