"If you're right 51% of the time when you invest you're going to get rich." I completely disagree with this statement and I've seen it (or a variation of it) m

"If you're right 51% of the time when you invest you're going to get rich." I completely disagree with this statement and I've seen it (or a variation of it) many times over the years. You can have a win rate of 99%, but still lose money if the 1% losing trades/investments wipe out all your wins. The win rate isn't what people should be looking, but the profit expectancy. Other than that, I agree with what your are saying, particularly #2. I don't think the majority of people should be actively trading/investing, they don't have the time to build the expertise and will probably not invest the time in learning about their bias.