Over the holiday vacation, I try to kick back a bit, unwind, recharge the batteries. But I still scan my favorite media sources and blogs for interesting ideas.

One that stood out was a short post from Greg Harmon of Dragonfly Capital. Titled “We Are All Useless Morons that Suck,” it actually made me laugh out loud. Greg fearlessly pointed out a truth that is ignored by all too many investors: This trading thingie is really not your forté:

“Let’s face it: You suck at investing. Your adviser sucks at investing, too.

If you had picked the best stock to buy every day you could have turned $1,000 into $264 billion by mid December. That is a 26.4 billion percent return. Did you even get a 1 billion percent return? How about 1 million percent? 1000%? 100%? If you did not hit a 100% return then you did not get even 4/10 millionths of what was out there.”

Continues here

Category: Investing, Psychology, Trading

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

2 Responses to “Happy New Year: You Are A Useless Moron that Sucks”

  1. EdMcGon says:

    Amen brother!

    The corollary: No matter how good you get, someone else will always be better. But that is no reason to give up.

    Or to quote Les Brown, “Shoot for the moon. Even if you miss, you’ll land among the stars.” We just have to keep shooting for the moon.

  2. mrflash818 says:

    Was a fun read.

    Thanks for sharing it!