Be Careful of Investing Success Stories

I have heard about a lot investing strategies that have made money for people.  However, I don't  automatically assume these investing strategies are right for me.   Here are a couple reasons why I don't jump on the "successful" investing strategy bandwagon.

Only the positive outcomes are reported or remembered.   The failures are not as widely shared  or remembered as the success stories.   In the fine print, there is always a caution that results my vary or not be representative.

Success percentage is low.  Take any strategy and let 1000 people use it.  It is likely there will be 5-10 people (0.5% - 1.0%) who are very successful, but due primarily to chance.  The results are not likely to replicated, either by others or even the same person at a different time.

While the reported superior outcomes of these strategies make them sound attractive, I remember that I am only hearing about the best results.  For everyone that had a great results, there are probably 100 time more people with average or below average outcomes.
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This is not financial or investing advice. Please consult a professional advisor.

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