Before my time on ST there was a guy called Phaedrus who often posted. More of a TA than a Buffett-style, fundamental analysis, buy and hold investor from what I gather...but quite a legend.
After he made tonnes of money I believe he retired altogether in 2011 and is living out his days on a yacht somewhere.
Anyway, he had a lot of interesting posts - all sorts of gems.
This was one of them:
https://www.sharetrader.co.nz/showth...l=1#post350434
I think some of the points he raised is relevant to this forum. I don't agree with every point he makes, but it is a good word of caution for us all.