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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ahhaha who wrote (45527)11/15/2005 10:07:39 AM
From: Lhn5  Read Replies (1) of 110194
 
<<In different eras different investors do better or worse than others. It is fairly easy to do ok in markets by holding, but it's only lucky to do extremely well, and no one can control how they do over time.>>

The trick is to change your investing style and decision-making as the era changes. Extraordinarily difficult...but not impossible. Or at least stay out of the markets and stay conservative until the next era that fits your investment style comes around. I would agree that it is most often luck that allows an investor to do extremely well, but at least in theory you must admit that a select few may do well over an extended period of time by being 'smart'.

Did you read the 'Fooled by Randomness' book? Did you write it?
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