Comment Re:Trend (Score 1) 493
...people tend to buy high and sell low.
Historically, stocks have sold for 8% more per year than their purchase price. Thus, most stocks in the history of the stock market have sold for more than their purchase price. That's why the total value of the stock market increases on average. In other words, though I agree that many people make the mistake of thinking they are well-suited to judge the stock market, you have overstated your case and thus made the same error.
