If you never trade, can you be a successful speculator?
If you dollar cost average, and are disciplined, are you a successful speculator?
If you compound at 50% per year for 10 years, and then lose everything in an afternoon, are you a successful speculator?
If you lose everything in an afternoon, and then learn from your mistake, and then compound at 50% for the next 10 years, are you a successful speculator?
If you compound at 6% per year for 10 years, and never have a meaningful drawdown, are you a successful speculator?
If the risk free rate is 6%, and you are making 12%, are you a more successful speculator then if the risk-free rate is 0% and you are making 6%?
If you think you are a successful speculator, can you really be a successful speculator?
If you think you are not a successful speculator, can you be a successful speculator?
Who are the most successful speculators of the past 100 years? Who are the least successful speculators of the past 100 years?
Archives of “10 years” tag
rssWhy Warren Buffett should be your role model
Some people have claimed that Warren Buffett made all his money from the 80’s and 90’s bull market. He happened to be at the right place at the right time, they say.
If so, how come nobody came close? There were lots of people at the right place and right time like Buffett. They are what we call baby boomers!
It really isn’t about bull markets that Buffett made his money. He started out in the early 70’s. (The secular bull market started over 10 years after that).
The first few years, he was making 50-100% returns per year.
So if he were to do a redo, his results wouldn’t be that much different 40 years later.