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Wow, read a couple of excerpts and reviews I found. Believing that success in the market is completely dependent on luck is like believing poker is completely dependent on luck.
No one would try to claim that luck isn't a part of poker, just like I'm not going to claim luck isn't a part of the stock market, but claiming it's the main reason people succeed is a bit hard to swallow. I haven't read the whole book so I'm not going to try and review it, but it sounds a bit like 'The Da Vinci Code', entertaining but flawed. For an example of a counter argument read 'The Super Investors of Graham-and-Doddsville' by Warren Buffet. I found this on the thread 'Financial advisor tried to screw me today', the link was in a post by Buffet (thanks, good link). http://www1.gsb.columbia.edu/valuein...ves/DOC032.PDF If I missed the point of the book or your post, apologies, please advise. |
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