Quote:
Originally Posted by mineistaken
I am just thinking about this idea.
Basically imagine it like coin flip, 50/50, or roulette double up.
If million people starts doing it, guessing coin sides (or stocks short/long) and such, every step of the way some will be eliminated, some will continue to the top.
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Yeah, I get it. But I don't think your first post were realistic to compare this into Buffett type investing.
I don't feel you can compare being a great value investor(like Buffett) with flipping a coin or a roulette double up.
But on a lower level I can see it. Most people don't put much thought or time into stock analysis. The majority just go on feel or what friends, or people on a stock forum are saying.
On this level, the roulette double up may work.