From: Olga Bourlin (fauxever@sprynet.com)
Date: Sat Jun 14 2003 - 15:48:21 MDT
From: "gts" <gts_2000@yahoo.com>
> Rafal Smigrodzki wrote:
>
> >> Neither intelligence nor knowledge of public information buys
> >> one a superior return in the market.
>
> > ### Yes, it does. If you understand a technology while others
> > don't, all other factors being equal, you win.
>
> That's the theory, anyway. Now please find the evidence to support it. I'd
> love to see it.
There are individual investors who are making money - "bull" market or
"bear" or "fair-to-middling" market. I personally know *several* people who
are doing this - making consistent percentage returns (amounting to
exponential gains), and investing their excess money (i.e., money
over-and-above an amount they need for their daily expenses) into other
investments, like real estate. They are their own evidence. Rafal (correct
me if I am wrong, doc) is not saying the majority of investors are making
money (much less lots and lots of money), but that if "you" (even if one
person) understands ... etc. ... "you" (that one person) wins.
What kind of evidence and how much evidence would you need? We can all find
statistical evidence for investors and traders in the stock market - but
that's not the point here. There *are* people who do well, so they must be
doing "something right." There are techniques successful traders and
investors use - it takes time and education and work - but there are plenty
of people who are doing all right (and many are doing much more than just
all right).
Olga
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