This was in 1990s, SBA had a statistics of 50% of new small businesses ending up failing. Buying an already successful business? It works better if you know how to add value, revenue and cash flow to it in the future.
Doing anything? It works better if you know how to add value, revenue and cash flow to it in the future.
I making 0.5 handles every day and I am "VERY HAPPY" My profit/loss ratio is 85% over the last 3 years - not bad for an old fart...
Small investors have huge advantages. first, they can buy and sell in a few seconds and without moving the markets, especially smaller stocks or less liquid situations. Big funds can't do that. Second, they have no institutional imperatives to be fully invested or show consistent results. Look at all the big investors who rode the market down during the crisis. Third, they don't have to worry about style drift or having money pulled. They can invest in anything. Fourth, there is no requirement to be diversified. Small investors can go all in. No big fund with OPM can do that. Fifth, there is no informational advantage. There is enough publicly available information that a small investor can know 10x more about a small situation than can a big fund with 50-100 positions.