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"Require" might be a strong word. But here is why I find this project attractive: I like to check out my watchlists and stock investments occasionally when tak

"Require" might be a strong word. But here is why I find this project attractive: I like to check out my watchlists and stock investments occasionally when taking a quick break. But, I want to avoid being sucked into the browser where the temptation is strong to check out reddit/hn/twitter, and then lose 15-20min. With this, I can just keep a terminal tab that I can flip to with a hotkey. This way, I won't leave the terminal, and the risk of additional distraction is lower.

valuearb 6y ago
Psychology, monitoring long term investments closely is a bad idea. Very seldom is price information actionable, and can easily lead to frustration or boredom induced action. 99.99% of investors should buy and hold and forget. If you have the intelligence and interest to earn your CFA, you should do your valuation analysis to set your buy and sell prices for potential targets, and ignore their price action until they near a target range.
- smabie 6y ago
  What if your investments aren't long term?
  - valuearb 6y ago
    Then you are not an investor, you are a trader. And if you are a trader, you shouldn’t be distracting yourself by writing code during market hours.
- palebluedot 6y ago
  Not sure if I agree, although I'm sure it varies per person. I've been investing for > 20 years, and I enjoy watching the daily movement as it helps me keep a mental model of trends and performance. I seldom sell, but do buy regularly, and I think having this information frequently refreshed in my brain has helped my performance (of course, no way for me to do an A/B comparison there, so I can't assert it as fact).
  - valuearb 6y ago
    A Buffett story you might find interesting. He refuses to look at the stock price of any potential investment while he is doing his valuation for it. His thinking is if he falls in love with the business while reading their financial reports, and he knows the stock is trading at $10, he’s subconsciously influenced to bias his valuation estimate over $10, because he wants to buy it. So he waits to ensure his valuation is as unbiased as possible, and only when finished checks the price. Kind of like the excitement of opening a present at XMas, not knowing if it’s a lump of goal or new AirPods.
frockington1 6y ago
This is exactly what happened to me as I type this. I went to check on futures after yesterdays rally, and 20 minutes later I'm commenting on this post. Use case validated

valuearb 6y ago

Psychology, monitoring long term investments closely is a bad idea. Very seldom is price information actionable, and can easily lead to frustration or boredom induced action. 99.99% of investors should buy and hold and forget. If you have the intelligence and interest to earn your CFA, you should do your valuation analysis to set your buy and sell prices for potential targets, and ignore their price action until they near a target range.

smabie 6y ago
What if your investments aren't long term?
- valuearb 6y ago
  Then you are not an investor, you are a trader. And if you are a trader, you shouldn’t be distracting yourself by writing code during market hours.
palebluedot 6y ago
Not sure if I agree, although I'm sure it varies per person. I've been investing for > 20 years, and I enjoy watching the daily movement as it helps me keep a mental model of trends and performance. I seldom sell, but do buy regularly, and I think having this information frequently refreshed in my brain has helped my performance (of course, no way for me to do an A/B comparison there, so I can't assert it as fact).
- valuearb 6y ago
  A Buffett story you might find interesting. He refuses to look at the stock price of any potential investment while he is doing his valuation for it. His thinking is if he falls in love with the business while reading their financial reports, and he knows the stock is trading at $10, he’s subconsciously influenced to bias his valuation estimate over $10, because he wants to buy it. So he waits to ensure his valuation is as unbiased as possible, and only when finished checks the price. Kind of like the excitement of opening a present at XMas, not knowing if it’s a lump of goal or new AirPods.

frockington1 6y ago

This is exactly what happened to me as I type this. I went to check on futures after yesterdays rally, and 20 minutes later I'm commenting on this post. Use case validated