Wall Street is a scam.
I’ve said it probably a thousand times. It’s something I know from experience. Over the past 15-plus years, I’ve tried just about every investing strategy in existence.
I’ve run a hedge fund that was successful. I ran a fund of hedge funds, which means I’ve probably analyzed the track records and strategies of about 1,000 different hedge funds.
I’ve written several books about my experiences, but I can summarize everything I’ve learned in just one basic idea. The best way to make money in stocks is to hold forever.
I know what you’re probably thinking: You’ve heard stories about big-shot traders that rake in millions. My colleague Tim Sykes, for example, has certainly struck it rich jumping in and out of stocks.
But let’s face it, success stories like Tim’s are rare. And there will always be a few people who get lucky. That’s how luck works.