It really depends on how people treat the stock markets. Is it a marathon or a sprint. A casino or a business.

There are many cases of people who got lucky, went all in and shot to the money. 

There are tons of others who had all sort of malfunctions during rocket launches. They sat on wrong part of the rocket, rocket fell apart, rocket ran out of fuel, rocket went the opposite direction. 

To me, treating the stock market as a business partner is the way to go. 

Knowing how our partner behaves and his background is important. When he gives occasional deals, jump on it. If there's no deals, just have coffee time with him and have some catch up session. Eventually, he will have some deals that comes along, and will ask us to invest with or in him. 

Hence, I will always rather be conservative investor and spend more time drinking coffee with the stock market.