3rd Factor !
Success of many stock-market millionaires/billionaires of US can be attributed to –
What investors think :-
- Patience
- Consistency
- They’re genius
In reality, these 3 factors are:
- Patience
- Consistency
- Several years of falling interest rates
Now interest rates are rising and all of so-called geniuses are losing money .
3rd factor is external , beyond anyone’s control .
Like luck , one can’t take it guaranteed
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