Irony Mann wrote:
People who think they are geniouses on short term trends almost always get whiped out over the long run.
Oh, the irony!
Few people really amass money in numerical terms over a long term. Much fewer less do so in real terms. And by long I mean an entire sucular bull or bear markets. The cycles will often shake them out one way or another. Or maybe they don't know how to make money on the down side.
People are making it and losing it constantly, but they don't know how to really grow it.
It's not easy with fear and greed, that's why there are so few great investors.