Actually he is not saying ANY of those things nor anything even remotely like them. All he does say is
"It's gambling, pure and simple"
and completely ignores even the possiblity that there might be some way to distinguish between what he calls "the 98%" and the successful stocks.
Which, of course, is something you very consistently do as well.
It's one thing to make no attempt whatsoever to make that distinction, as you frequently bragg about not doing.
But it's something else entirely to pretend like making the distinction is not possible, which both you and lowfunds do.
You constantly portray timing trades in and out as if it was dead easy, when it is very clearly far from that. It INHERENTLY MUST be far from easy, because it is inherently impossible for even the majority to do (the total losses MUST equal the total gains. That proves that your representation of it as easy is dead wrong.
Yet you apparently cannot even conceive of the possibility that there are ways to make the distinction between companies with good prospects and companies with poor prospects.
Just because, as you frequently brag(!), you do no DD at all does not mean that no one does, nor does it mean that it cannot be a very useful tool.
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