Quote:
Originally Posted by saden1
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?
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When someone says that their system (or strategy, whatever, it's all semantics to me) ALWAYS works (in other words, NEVER FAILS), that means they think it provides a foolproof way to make money. And yet amazingly, he's not using it. It is the very definition of a sham.
Ever hear the expression "if it sounds too good to be true, it is"? This is a perfect example, and in my mind, this behavior is indefensible.