I love your comments and enjoy following your research ideas regularly with enthusiasm. However, there are always two sides to a coin. I worked at Legg Mason from 2000 to 2006. Bill Miller ran the Legg Mason Value Trust and holds the still unbeaten track record of outperforming the S&P 500 for 15 years in a row. However, I was also on hand when he rode Bear Stearns and Lehman Brothers and others all the way down to bankruptcy, erasing all his good returns and he was ultimately forced to leave the firm. He's doing well now but "there are no guarantees in the stock market." The market is filled with people that did great for a period then no longer. Marty Zweig and Nouriel Roubini come to mind.
I am glad that you enjoy my stock market comedy routine for the overeducated. It's a niche market, I know.
You make some good points. Yes, luck matters. I am sure lynch would admit luck was on his side. He was lucky to have been born in New England, near a golf course, where he could caddy for the investor that gave him his first break. And he was lucky to have such an amazing amount of white hair. Is there a photo of him with dark hair? I haven't seen one.
I like to believe to be successful in life, half of it comes down to luck. I can't control that half. But the other half I do control through my decisions and I choose to focus on what I control. The rest is fate. Thanks for commenting
I love your comments and enjoy following your research ideas regularly with enthusiasm. However, there are always two sides to a coin. I worked at Legg Mason from 2000 to 2006. Bill Miller ran the Legg Mason Value Trust and holds the still unbeaten track record of outperforming the S&P 500 for 15 years in a row. However, I was also on hand when he rode Bear Stearns and Lehman Brothers and others all the way down to bankruptcy, erasing all his good returns and he was ultimately forced to leave the firm. He's doing well now but "there are no guarantees in the stock market." The market is filled with people that did great for a period then no longer. Marty Zweig and Nouriel Roubini come to mind.
I am glad that you enjoy my stock market comedy routine for the overeducated. It's a niche market, I know.
You make some good points. Yes, luck matters. I am sure lynch would admit luck was on his side. He was lucky to have been born in New England, near a golf course, where he could caddy for the investor that gave him his first break. And he was lucky to have such an amazing amount of white hair. Is there a photo of him with dark hair? I haven't seen one.
I like to believe to be successful in life, half of it comes down to luck. I can't control that half. But the other half I do control through my decisions and I choose to focus on what I control. The rest is fate. Thanks for commenting