Quote:
Originally Posted by Schneed10
No it's not, not even close. You can make money in the stock market by knowing an industry and a particular business's operations very well. There is a degree of luck involved, but by and large, you can pick winning stocks if you're a brilliant business mind, like Warren Buffett. He's widely regarded as one of the smartest businessmen that's ever lived. Are you going to tell him he just got lucky??
Roulette involves guessing which number the ball's going to land on. You can't research that.
Anyone who writes a book on beating roullette is either a crook or a moron. Ask any Vegas casino, they'll tell you. Systems don't work. So the guy writing the book either knows systems don't work and wrote the book anyway, or he just doesn't understand roulette.
jsarno claimed his system ALWAYS works. But he hasn't tried it by betting any more than $5 at a time. If he truly felt his system was foolproof, there'd be no risk for him, and he would have made millions on it already. Seems like he knows it's bogus, otherwise he'd be betting thousands in Vegas as we speak.
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Warren Buffett is probably bad example as he does his homework before doing anything but the point I was making is that he too had luck on his side. When he was younger he took a lot of risk. Even with experience and analysis you're still taking a chance when you're buying stocks. I mean, how many businesses that exist today do you think will exist 100 years from now? Then of course you have market crashes (1929 ring a bell?). You just have to hope that when you retire we'll have a bull market. You can off course mitigate your risk by transitioning your money into safer investments as you near retirement age.
I personally don't believe in systems, but just maybe, jsarno's "system" is based on not risking with too much money. Playing now and then. Perhaps system is a bad word. How does strategy sound?