beagle the trader who was busy pumping OCA was going to $2 not long before this post lol
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agree it is well proven fact skill separate's good investors from bad over the long term.
how many sharetraders can vote with a smile emoji they had a positive 2022 return :)
He did but as he articulated with a full assessment in his post of 22 May 2022 (after reviewing OCA's results released on 20 May 2022), he changed his mind.
That is the difference between him and the rampers, be them down or up - Beagle backs up his views with supportive assertions.
Well I haven't expressed any opinions, not on this topic anyway. Just facts backed up by a lot of data and the scientific method which is the gold standard.
Is it fortune that makes it possible for Maverick or Beagle or Justakiwi to present us with their insights into OCA which then can be used to more accurately gauge the future of this business?
I will guarantee that no sharetrader posters, myself included, practice all of the 'fortune or skill' methods I listed and they are but a few.
One thing Brain that you may be aware of is that in such times as 2021 the wind can blow strongly enough that even Turkeys can fly.
Once it stops and the turkey pile drives into the dirt do not try to hide behind the pathetic 'misfortune' excuse. You alone are responsible for the money you have lost and you should never attribute it to misfortune. We can certainly say that you were in the wrong place at the wrong time, but that has nothing to do whatsoever with misfortune.
To state in public that you strongly believe there is no such thing as a good investor highlights the great irony in the names 'brain' and 'winner.'
Come on people get real. 2023... Spend at least 1500 hours on your investments or just index.
If you truly believe the nonsense you are posting, then instead of a one liner about your 'beliefs' why don't you explain your thesis that 'there is no such thing as a good investor in this world' Make sure you include a lot of evidence and show us how the investors that are perceived as great by many people are in fact not great, they were just in the right place at the right time because of fortune.
For those posting returns for the year, remember you must include cash as well which will make your results look much better this year (for most people) but it will destroy you in a normal year as well.
So maybe a lot of you have done better than you think.
Me too elsewhere & not attributable to NZX which has in many respects retreated
12 months ago similar - ASX up in a huge way, but NZX descending from what I believe was a peak
It takes skill to pick what & where is likely to cost one money - sure the Divs may still continue flowing
or be slightly reduced, but what's the point in wearing possible capital losses to produce taxable income
which may or may not have been hit with DWT deductions handed to the outstretched arm of the Tax Dept ? ;)
You got to also look to protect your capital outlay as well