HIGH RISK OF TAKEOVER, page-155

Rolls off the tongue easily Speccys...

However, history has proven you to be wrong on many of your assumptions.

Firstly, you equate a good investor is someone who buys low and sells high.
Warren Buffet would disagree.
His favourite time of holding a stock is forever.
Lets just agree that forever is a long time.
The question is how realistic is it to pick the low and the high
These studies demonstrate it is not realistic and better results come from holding long

https://www.merrilledge.com/article/focus-on-time-in-market-not-market-timing

https://themakingofamillionaire.com/why-market-timing-doesnt-work-5a546ebb4515


Secondly, you equate holding long is to have emotion in holding the stock
Holding long requires discipline and less emotion than the short term trader
It also requires initial research and continuous research = homework
There are no doubt investors who don't do the research on the company
However, I suggest most holders of RAC and ADN understand the story and know the potential and the end game
Both of these companies clearly state their goals and each year have de-risked their path to said goal

On the other hand short term trading gives you small rewards and an emotional boost for your efforts.
Some short term traders need the emotional hit
Here is a good article recognising holding long requires discipline

https://microcapclub.com/2014/08/the-conviction-to-hold/

Thirdly to say lucky investors have no proof their investment will work is simply false
There is always enough information out there to research the chances of a company being successful
Early on Wombat, myself and others posted several methods or researching a company, it opportunity and its management.
For me I don't care how good the story is, if management are no good then it will likely fail.

I intend (by your definition) to be a luck investor with stupidly high returns

GLTAH