Indeed. But that doesn't invalidate the point that deeper-pockets is not equivalent to a more sophisticated or better investor.
replySomeone who inherits a fortune and trades it on the stock market is an extremely unlikely circumstance.
replyBut we aren’t talking probability. Your claim was that deeper pockets means you are more sophisticated. That simply isn’t true. The inheritance argument is just one example to show why it isn’t. People make large amounts of money all the time in one field or another, but that doesn’t make them sophisticated investors.
reply> Your claim was that deeper pockets means you are more sophisticated.
replyCompletely wrong, my claim is that people who have deeper pockets they do so for a reason.
And I gave a reason why that isn't true. There are many, many others.
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