38 - If You Do This You'll Make Money
Diary of a UK Stock Investor
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The Importance of a Thought Process
In 1930, Barron's published an article by a person who worked for them called Phil Carrey. He found that 95% of traders or speculators lost money over the long run. The evidence of this has always been relatively thin on the ground and mostly anecdotal. We can cite people such as Warren Buffett,. Charles Munger, Sir John Templeton, Benjamin Graham, Peter Lynch, Jack Bogle, I could literally name names forever. But name any famous fortune-making spread betters? I don't know anyone.
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