Quote:
Originally Posted by Barry-xlovecam
Warren Buffett is one of the biggest winners in the world today -- unlike some of the gutless pukes around here.
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Not hating on buffet, but random thought:
lets say 100.000 people start investing.
50.000 succeeds to second level.
Then 25.000 to third level.
And so on.
So even randomly you would get a handful who reach top level.
So in theory you could have someone who is on top just because he was that one who was lucky at his plays.
And then people would think, wow what a genius investor. While in reality he would be the one of the 100.000 who simply was the one who got lucky odds.