Civil Discussion About Religion

[saden1]

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.

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?

[RobH4413]

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?

It's not that hard to make money in the stock market. Companies are growing, and if you find a hot product, or trend... you help them get off the ground and you'll get rewarded for your investment.

You can also analyze trends of differente types of companies. Swing trading is as addictive as gambling, and people learn to identify the habits of certain stocks. There is definitly a rhyme and reason to it...
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With gambling, to my knowledge there couldn't possibly be a rhyme or reason to it. That's the very reason they're in the casinos... they always make money.

Granted I'm sure it's possible they set up certain "Games" to attract you to the casino, only to have you shell that money out elsewhere... a different game... buying food... etc.

From what I've heard, Blackjack has the best odds... and the house will make money 9 times out of 10 anyways. Seems like a lost cause to try and "beat the system"... bunch of hooplah to try to get you out there and spend money. Sounds like a "myth" meant to ecourage you to become and addictive gambler. Have fun with that.

[Schneed10]

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?

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.

[RobH4413]

Originally Posted by Schneed10

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.

Schneed... I think your right... and I agree...but

I think you've made that point like 4 times (its all good)...

Some people choose to ignore reason, and using reason won't budge them. I'd let it go just cause it's not going anywhere...

[Schneed10]

Originally Posted by RobH4413

Schneed... I think your right... and I agree...but

I think you've made that point like 4 times (its all good)...

Some people choose to ignore reason, and using reason won't budge them. I'd let it go just cause it's not going anywhere...

You're right. It's time to let go. Some people just don't get it.

If anyone out there wants to try jsarno's system, and really agree that it's foolproof, by all means, take your life savings to Vegas and go for it. According to him, it ALWAYS works.

Any takers?

Didn't think so.