[quote=Allan from Fallbrook]Most investors, however, cannot read a financial statement. A lot of CEOs cannot read one, either (I’ve worked with more than my fair share of them). [/quote]
I would agree with that completely, but I’m afraid that it may help scaredycat’s argument that any fool with enough luck can be a good investor as wll as a CEO. It is true that luck could explain almost everything in the world, but still I think we piggs analyze the data rigorously because we think it will impact the probability of the luck to our favors. Otherwise, what’s the point of learning anything?
