Buy custom How Not To Get Taken To The Cleaners On Wall Street
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| Topic: |
Business
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| Number of pages / Number of words: |
11 / 2833 |
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It can go up or it can go down. A 50-50 chance of guessing right each time. The market is binary. It’s a coin flip. One person in a thousand will guess the flip of a coin ten times in a row. Doing so it would seem that this person has some kind of magic, predictive powers. But not really. He’s just lucky...
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He’s just lucky. The same with so-called “investment gurusâ€. If he or she beats the market two years in a row, which is an extremely short period of time, then this person is deemed someone who you should listen to, when actually they just got lucky.
So what is an intelligent investor to do? Well, first stop listening to the TV or your friends or yes, your financial advisor who, by the way, doesn’t exactly have your best interests in mind...
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