There's a point of view that smart investors did, and dumb investors were left holding the bag. If that's your belief, then thinking it's risky and you may los

There's a point of view that smart investors did, and dumb investors were left holding the bag. If that's your belief, then thinking it's risky and you may lose your shirt requires believing that you may not be smart. Which is a tough thing to accept for a lot of people, especially ones who think investment success is all about smarts and not luck.