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