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> Gambler's fallacy has to do with independent uncorrelated events. The stock market is no such beast. Maybe I'm not remembering correctly, but wasn't there a
by lomnakkus 9y ago
> Gambler's fallacy has to do with independent uncorrelated events. The stock market is no such beast.
Maybe I'm not remembering correctly, but wasn't there a bit of research a few years ago that showed that most investors performed worse than throwing darts randomly at a dart board (of stocks)?
EDIT: Obviously, I know next-to-nothing about the stock market (etc.).
- rabidonrails 9y agoThere's the case about the active investors vs a cat (and the cat won). https://www.fool.com/investing/2016/08/01/a-cat-outperformed-pro-stock-pickers-heres-what-th.aspx https://www.fool.com/investing/2016/08/01/a-cat-outperformed...
- NLips 9y agoAre you suggesting I should have a (fat)cat as an investment manager?