To answer the question you started with... Yes, but very few investors or traders master this. Otherwise, the world would be filled of wealthy people, not of people aspiring to financial independence. Plus, investing is a zero-sum game. When someone wins, someone else loses. There are of course the cases when both win or both lose, but if they have different time horizons or objectives.
Right, this is another interesting way to look at it. There will always be losses when it comes to investments, and I think capital allocation also plays a part. Because we tend to converge into investments that are perceived to have a higher chance of giving us good returns. I think this is where going with the flow or right timing really counts.
It's amazing how we all want the same thing but think about getting it differently.
Thanks for stopping by :)