>>> You did say a couple of years back that you have this SI trading account and an account where the majority of your monies is held in index funds. <<<
And that has changed as I enjoyed more success.
More importantly, it isn't what you or I do personally that helps others. It's whether or not the strategies we use can help them. People come here (I think) to learn from others who have had success. Some come to share picks they want others to buy, but most people are looking for ideas. Not just stock ideas, but investing or trading ideas.
I don't want our debate to turn into which strategies work better than others. This debate began with whether or not it was luck vs. skill that determines our success in the market.
Your strategies vary from mine. So does Dale's. So does Tommasso's. This wasn't about whose is better, although we can turn it into that if everyone wants. It was about luck vs. skill.
Dale and I don't agree with regard to our style of trading. He has been successful his way, I've been successful mine. I would be hard pressed to think Dale lacked the skills to be profitable in the markets. If I'm wrong, then please correct me.
Your style is different from mine. That doesn't mean your style doesn't work. It's just different. And it should be, based on where each of us are in our lives. Nothing wrong with that.
I recall when the successful fund manager Michael Price sold his funds to Templeton (I think). He didn't invest in the stock market after that, even though he was one of the best stock pickers out there. He wanted to preserve capital and ended up buying treasuries, if I remember correctly. Who's to say he was wrong for not getting a better return on his money?
It isn't always about the greatest return, it's about how consistently profitable that return is, whether it's 10%, 20%, 30% or more. Compounding will do the rest.
Bottom line ... is the success we enjoy in the market, over the long run, attributed to luck or skill? |
