4 ms·
Good question. I would like to know what's been debunked in finance. Personally, I cringe when I hear talking heads correlating then Fibonacci number with the
by marincounty 11y ago
Good question. I would like to know what's been debunked in finance.
Personally, I cringe when I hear talking heads correlating then Fibonacci number with the stock market.
And I've come to realize, if Jim Crammer recommends a stock, don't buy it. I would like to know which professional out there has the best track record in stock speculation. It seems like something that we could accurately study, and publish the data?
I don't have the money to speculate in the stock market. It just seems like it's as bad as gambling at this point in history. It interests me though. If I had money it would go to realestate speculation. I'm so wrong on my stock picks, I've though about contrarian investing. Supposedly, there are such people?
- jleahy 11y agoYou're not "so wrong on your stock picks", you're wrong almost exactly 50% of the time (well actually you should be wrong about 40% of the time, but those 40% of bad picks will lose you about the same amount of money as the 60% of good picks earn you). Just like everybody else, even most professional fund managers, although they wouldn't like to admit it.
- Riod 11y agoQuantitative risk measures for longer term fundamental investing. Beta, cointegration, correlation, VAR all break down when there is a discrete event that completely changes the fundamental outlook.