After trading for more than 30yrs, whether u win or lose is not a matter of how knowledgeable although it does help. example are even hedge fund also goes to bankruptcy even they employ the smartest trader n research info at their finger tips. it's like playing mahjong. whether u win or lose depend more on luck than how smart u are. smartness only help u minimise yr loss.
Do People Need Failures to Learn Investing?
Many investors, especially beginners, tend to make numerous mistakes in the stock market. During the "beginner's luck" phase, they may make some money and become overconfident, attempting more aggressive strategies or chasing hype stocks (like meme stocks), only to end up losing more than they gained.
Charlie Munger, Warren Buffett's late partner, once remarked, "There are no value investors under the age of 40."
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