Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: kimberley who wrote (6557)	4/8/1998 12:57:00 PM
From: vegetarian	Read Replies (1) of 18691

>>Assuming that your formal education assures success in the market is about as ignorant as the MO players who think the stocks will just keep going up...<< So what assures success in the market? there are no assurances there and any interpretation would necessarily be based on your definition of success (which could range from "not losing a whole lot of money" to "making a whole lot of it"). Given a proper definition of success and the uncertainty of events in the market any of the following deductions could be justified or at least strongly illustrated: -having formal education assures success in the market -having formal education does not assure success in the market -having no formal education assures success in the market -having no formal education does not assure success in the market So what was your point again? I think the original post by space-cadet had some merit in the sense he implied that formal education leads one to a more rigorous analysis and such a rigorous analysis may not always help you meet your financial goals; what is wrong with that? it did not occur to me that he was trying to brag about his phd (in fact that was the first time I saw he mentioned having one); I don't understand why the responders to that post were ticked off? Also, the momentum-zealots would be considered successful or good at the game only when they have sold the stock for profit and not just holding it for more gain for therein lies the problem and those short the market would be considered to have lost only of they covered at a loss and not until then so the attributions of success may have to be postponed. It is only in the eye of the beholder because the stock-players might be investing with very different time horizons in mind.

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