Nexen
Registered: Apr 2009
Posts: 259 |
10-31-09 11:10 PM
Quote from Index piker:
Unfortunately the facts just don't really conform to your assertion that successful trading or investing for that matter are like other professions in which one learns a specific skill set.
1) The ability to prove skill and to impart that skill to others is virtually non-existent compared to other TRUE professions like medical or dental school.
2) Study, hard work, effort precisely do not lend themselves to outperformance because there is virtually no skill to learn in the first place.
3)success is more or less dependent upon luck (idiosyncratic risk ) and the amount of market risk assumed.
It has a high risk of failure in comparison to other proffesions that goes without saying.
However, there is actually a skill to master and that's discipline.
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