Research, Returns & Risk

I can do as much research as possible

I can analyze as many investment theories as possible

I can read as many balance sheets as possible

I can refer to as many articles, opinions, recommendations, quotes, ideas etc. as possible

I can strategize as much as possible

I can execute as meticulously as possible

I can do as much back testing as possible

I can make all the mathematical models on the possible outcomes, as possible

I can speak to as many people (who run the companies / fund managers, analysts, media etc.) as possible

But one thing is for sure…..

I’ll never be able to predict (consistently) either a RETURN outcome or the RISK undertaken to a reasonable degree of accuracy

But alas, many people keep searching for a possible best needle in the haystack ??‍♂️ (even if they keep getting pricked enough # of times ?)

The factor of LUCK is thoroughly under estimated & the factor of SKILL is deeply over estimated

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