3 ms·
I try not to read these inevitable rebuttals as: 1.) You don’t get it. 2.) Let me explain. 3.) Science and maths. 4.) I’m no expert I believe in 3 though.
by highwaylights 3y ago
I try not to read these inevitable rebuttals as:
1.) You don’t get it.
2.) Let me explain.
3.) Science and maths.
4.) I’m no expert I believe in 3 though.
5.) Nothing is 100% accurate.
6.) Full Deepak Chopra.
But it’s hard to do that when something disproves its own validity so utterly.
If someone has a strategy to predict any amount of value from the market, it would be automated immediately (we’re mostly programmers here so that part’s kind of our bag), and so doing abstract that value away to a machine housed at JP Morgan or Citigroup.
tldr; It’s astrology for finance bros.
At least the crypto hype has died down again for another while. They perfected the above during Covid.
- trashtester 3y agoIt's kind of like "agile", "big data" or "AI" for tech managers. While actual finance people use algo trading all the time (meaning technical analysis using secret algorithms), naîve technical analysis is mostly a sales or influencing tool. (Unless the "finance bro" is truely deluded) The same goes for tech managers. While some actually create agile teams using big data to create useful AI, plenty more just use the terms to inflate their own careers.