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tdx speaks the truth:I recognize my own limitations, and accept that fact that I may not be Warren Buffett. Now let me once again state that I agree with you about things not being impossible, but there's a fine line between not backing down to people and being irrationaly stupid (I think you're on thr right side of this line, but the majority of Americans are not). I believe that many people will use your line of thinking to say "hey, I can beat the market" and then procede to flush their retirement savings down the toilet.

This brings me back to the point of my original post, which is that indexing isn't for the less-intelligent. It's for those who have the strength, and I daresay, and the intelligence to recognize their own inherent limitations.


I think you have done an excellent job of analyzing yourself and your abilities and it is very impressive. It seems that most people go through their whole lives without making a similar evaluation.

I believe it is important to approach investing as you would any other business venture. You must know and believe you will succeed but you must also be willing and able to put in the hard work to get there. However, it's is not right for everyone, and if you have other priorities or interests or whatever and you can't give investing your full attention then I think index funds are the next best thing.

Good luck with your business, what are you thinking of doing?

st
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