So why exactly shouldn't I just copy exactly what rich successful investors are already doing. Okay so they have more risk tolerance but it's not like they are ever trying to lose money. They're still going to make the best most informed decisions possible. How often does a rich investor suddenly lose it all? How often do the things rich guys invest in suddenly fail?
>>59606311Because then you are just buying their bags to get dumped on by them
>>59606311>So why exactly shouldn't I just copy exactly what rich successful investors are already doing.Because the only way to tell what they are doing is by looking at Form 4's and 13F, and those are filed after a delay of 1 to 3 months.By the time you see what they've been buying/selling, the price has moved.The way to make money in the market is to be AHEAD of it
>>59607316ThisPlus the alpha they get is at country clubs and private dinners with politicians. By the time you find out their positions it’s already too late.
>>59606311They have less risk tolerance, they're goal is just to slightly beat inflation. If that's your goal then fine, if your goal is to become rich then you need to take risks
>>59606311>How often do the things rich guys invest in suddenly fail?surprisingly seldom, I guess they are just really, really, really lucky
