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I Believe I Have Investment Skill
I believe i have investment skill. I do not have the skill to identify securities that are miss price in terms of the market price relative to the intrinsic value. The exception would be closed in funds. Postan funds are like mutual funds, they trade on an exchange. They're primarily owned by individual investors. These individuals panic, particularly during times of fear. And the net acid value, the intrinsic value, you can see as plan a day, it differs from the market price. But still, there's an element of luck. That's what happens when, even though you have reasonable assumptions that things just don't go or way that things don't happen as they're expected to happen.