CHAPTER 1

Let’s Begin

I am the world’s worst stock picker. If I buy a stock I guarantee you the next day it will go down. I am so bad at this I once shorted Amazon at $40 per share. Fortunately I got out of that one with my skin.

I’ve been investing in the stock and options market since the 1970s. You cannot imagine the amount of money that I have made and lost over that period of time. I believe I have tried and tested every system on the face of the earth. Over this period of time I’ve come to one undeniable conclusion:

You cannot time the stock market!

Warren Buffett has one simple system that has made him rich. He buys what he feels is a good company and then holds on.

But that can be just as risky for the average investor. Think Enron, Lehman ...

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