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Originally Posted by stephencp  Luck/gambling - I would include most "investing" in this category since you're often just hoping that the price will go up... |
Totally disagree with you there.
As a value investor, I have a fair idea of what the stock is worth. Then I just wait until everyone else realizes.
Others have other ideas.
Little Book of Value Investing is a good primer, as is The Little Book That Beats The Market.
If you feel that way about investing, then I think you're closing off a very powerful avenue of money generation. Stock investing isn't all there is, either. Real estate, bonds, stocks, there's many options.