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"Heads I win, Tails I win", Spencer Jakab...........more geared towards stock and mutual fund managers, and financial pundits. Says the role of a financial talking head, advisor is to say the same thing in a different manner that is contemporary. Finally someone besides me that noticed that expert fundamental analysists of the stock market sounds all the same. all the time.
Book also shows that Bill Miller, (Legg Mason, Value Trust) really blows on a dollar weighted average. Sure he racked up impressive results when he was managing 20 million $, but as his fund got larger and larger to 80 billion he (2005), "the wheels came off". "the assets that he managed at the time of his fall from grace, far exceededhtose when he was building up his track record."
In 1990, I sold my position for a 20% gain, and felt really stupid since. Now I don't feel so bad.
And the book gives a mathematical proof for buy and holding a low cost overall market index fund.
Sorry if I bored/insulted all you balls to the walls futures speculators with milquetoast candy-ass stocks and mutual funds.
Imho it's up to you who you think either professional or amateur, many so called amateur are profitable and many so called professional aren't. Market can be explained when it's already over, but there's no guarantee what it will do in the future. So my guess is as good as anybody else. If you think your technique is great, why don't you just share it to us here so maybe we can learn a thing or two...fyi trying to sell a course here isn't allowed unless you've been approved by the site admin.