It's nice to have investments using other peoples' money, isn't it?<quoted text>
The stock market is all about luck. You can research companies and monitor national and international politics, but it still comes down to picking the right investments at the right time. I don't examine my investments everyday. I have more interesting things to read. But the value of my investments have increased by 40% under the Obama Administration.
There is luck in the stock market, no doubt, but that doesn't mean that skill and knowledge aren't also important. To say that people who have been beaten the market over a long period of time are just "lucky" is a woefully uninformed opinion.