A person able of B and H with conviction and knowledge will make fortunes, that is a fact.
One simple example, the vastly rich owner of Charlotte Panthers was just a Jock that played for L.A.Rams, whenever he had cash to invest he put it in MCD and a couple other Fast Food Franchises--so he got so stinko rich he could buy a NFL franchise.
True story, a simple professor at Brooklyn PolyTech on his death in about 1990 gifted a stunned Brooklyn Poly with 80 million dollars.
Back in 50s he just put a portion of his salary every month into BRK.
I, because i had to trade for cash flow( the price to be paid for not ever wanting to have a boss:), in doing so however saw many cases where if had could just held i would have made far more money than a trader.
I will put forth George Soros words, his #1 rule---it is NOT a matter if you are right or wrong, instead it is that you MAXIMIZE profits when you are right and minimize loses when you are wrong.
I have seen MANY, including myself, that have settled with a small profit when a huge profit was to be made.
This discussion could well turn into a shouting match so i will end it here.
I by the way support absolutely what AI is doing and understand his strategy.
But one other note, Peter Lynch revealed that the vast majority in the Magellan Fund investors during the great BullRun from 1982 to 2000 did NOT get rich, infact, they made very little to even had a loss.
He simply stated people would grab and sell whenever they had a small profit or a small loss, they were playing that great bull market and ended up NEUTRAL.
He played his video game night and day.
The MAZE of Death.
But that is the game we all are in, the trick, don't believe it.Get above it all and imagine nothing is what it seems.Kill the machine.otraque
AI
