I mean, you do realize that the ability to consistently generate 24% returns would make me -- a billionaire?
So I repeat:
Okay, so duplicating your previous success is not only not repeatable, but the mere idea is "ludicrous." (And apparently you aren't a billionaire from it.)
What's the point of posting about it then?
You haven't answered this.
To demonstrate that through hard work, research, and analysis, one can gain an edge on the market, anticipate it's next move, and potentially profit from it?;
To show that my outsized returns throughout the years has been
an equal mix of skill and luck?;
In order to contextualize my current 100% cash position, and to dispel the idea that I'm some kind of perma-bear (since I've made nearly all my money
being long)?;
To highlight that while I'm cautious on stocks intermediate-term (do not find the risk/reward favorable at these levels), I think the growing chorus of negativity surrounding stocks (and the bond collapse I envision down the road) will generate the greatest bull market of all time?;
In order to demonstrate to other readers that the ideas espoused by the two most prolific posters on these boards represent their opinion and not some sacred, unwavering truths?
Look, you don't have to understand TA; you don't need to think about the historical context of price to earnings ratios and their relation to stock prices; there is little necessity to grasping the impact of investor psychology on price movements; and please, just ignore the fact that these markets today are anything but "free" and at the mercy of extraneous forces known as "central banks;" none of this should be of any interest to anyone who is comfortable allocating their capital according to their adviser's recommendations.
But to those who find these topics interesting, if not fascinating [raises hand], then, well, I hardly see how everything that has been said so far is incompatible with a site which prides itself on being "an advanced personal finance resource," couched here in the "investor alley" forum, under the banner of "Efficient Markets, RIP."