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True. Focus on his points. Race does not impact share go up down. Its like watching football. Only the skillful ones can score goals. Nothing to do with race.
This is a probability problem. If ten losing companies only around two can recover, the probability you can get the recover one is low. But one profitable company is high probability to remain profitable
it's not the probability problem, is your ability to have the risk, and your opinion about the company. If the company is losing few yrs of course to be honest nobody would dare to invest, but if the company is doing something which might lead the company to be profitable,why dont we try it, but then it need to be judged by yourself