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Dan Caster
 
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Default Tim May, was it "luck" (was Gunner: I'm back)

I don't have any doubts. Anyone can become rich in any time period if
they work at it just a little. The Standard and Poors Index 500 has
on the average returned about 10% per year. Some years much more,
some years big losses, but an average of 10% per year compounded. The
problem is most people do not save a percentage of what they earn. It
doesn't even take any skill or luck.

Dan


Retief wrote in message


Tim was in the right place, at the right time, and with some careful
thought (to minimize, but never eliminate luck), he was successful in
his stocks. That's still what we call luck, Tim.

If it wasn't luck, then Tim could do the same, in any time period,
with any available stocks, and any (however limited) amount of
capital. I have my doubts on that...


Retief