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“In the short-term, Wall Street is a casino because anything can happen. (Luck is more important than fundamentals.)

In the long-term, Wall Street is also a casino, ruled entirely by statistics, probability, and math. (Fundamentals are more powerful than luck, 11X more powerful.)

I can't tell you what the market will do tomorrow, the next week, or even the next year. What I can tell you is that if you make consistently reasonable and prudent decisions, over time you'll get rich on Wall Street.

Stop being the gambler at the blackjack table. It's time to start thinking like a business owner and become the casino. When you apply disciplined financial science for long enough, you become the house. As we all know, the house always wins in the end.”

These thoughts, from a recent posting*, perfectly summarize The Roadside Scholar’s investing perspective: the number one goal for the smart investor is to put the odds of success overwhelmingly in your favor.

How is this done?

  1. Invest in businesses for the long-haul and do not day trade (own the casino - do not be the gambler).

  2. Own stock bundles using proven strategies (for example: in Roadside Scholar language Pay Less Get More (value and fundamentals), Go with the Mo (price momentum) and Smaller is Bigger).

  3. Never sell (let time work its compounding magic).

Roadside Scholar Tip: Be a Smart, Patient Owner. The casino owner always wins in the end.


For more information and easy to understand explanations of important money matters go to or purchase The Roadside Scholar: Amazing Money Lessons from Behind the Fence.


*3 Dividend Aristocrats You Can Safely Buy That Are Set to Fly, The Dividend Sensei, March 4, 2021.

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1 Comment

Phillip Kentish
Phillip Kentish
Mar 18, 2021

I absolutely loved this. Exactly what I needed to hear today.

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