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Let me be the first to predict this will fail miserably. How much money and time have people wasted the past 100 years on "systems" to beat the stock market?.
by bluedevil2k 16y ago
Let me be the first to predict this will fail miserably. How much money and time have people wasted the past 100 years on "systems" to beat the stock market?.
Need proof that there is no system to predict the market? There's no person on the earth that owns everything. Theoretically, if someone could predict the market even somewhat effectively, he wouldn't just make lots of money, he'd make ALL of it.
- djb_hackernews 16y agoThat is a really naive view of market analysis. You don't have to predict what the entire market will do in order to profit. I'm not defending these guys, I also agree this will fail, but being first mover on information can be a huge advantage. If that information happens to come from Twitter, it's still an advantage.
- jcfrei 16y agoYour probably making the assumption that the information about the stock market is symmetrical. That's a very strong assumption which certainly doesn't reflect reality. New sources of information such as twitter can lead to an advantage as long as you're the only one using it.
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- bluedevil2k 16y agoNo, I'm not making any assumptions about information here, I'm merely restating a fundamental theory of portfolio management. The thinking that you can get "unique" information about the market is one lots of people have...and is 100% false. This has been proven time and again.