At least it’s true. The main problem with stocks seems to be that stocks are a competition between investors. When you buy, you buy from someone who thinks it’s time to sell, and vice versa. And those of us who aren’t professionals at it are competing with people who ARE pros at it.
What are my chances as an amateur tennis player against a pro?
Yeah.
> What are my chances as an amateur tennis player against a pro? <
That’s why I no longer buy individual stocks. In my younger days I’d buy individual stocks and managed stock funds.
I’ve come to the conclusion (30 years too late) that index funds are really the best way to go.
Based on my 30 years experience, your chances are actually pretty good...if you have discipline.
If an institutional manager is given $100 million to invest, he HAS to buy something. He can’t just tell his boss or the client there is nothing good to buy right now. You, on the other hand, can just sit on your money until the right opportunity comes along.
“What are my chances as an amateur tennis player against a pro?”
Be an investor. Don’t be a trader.