Civil Discussion About Religion

[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.