I have never for a minute felt in was my stock picking abilities. I feel that my stock picking abilities aided- I was able to pick out which are the good stocks in the good market, but I have been blessed with a great market.
I think that I could have been take apart if the bear market continued, but I waited three years before I felt the bear market was over and I was right.
And, strangely, this one of the few things in life that the third, the latter, the buy with our eyes closed has actually done better than everybody else.
The people who are buying stocks because they're going up and they don't know what they do deserve to lose money.
I don't think that's changed at all. I think there are a thousand stocks out there that could make you rich, totally independent of what you do for a living.
The party line is that stocks historically have outperformed all other investment plans.
