3 ms·
The point is that you don't see a Buffet like figure earning consistently in random-bet casino games. If you see that there are some examples disproving the co
by freefaler 2y ago
The point is that you don't see a Buffet like figure earning consistently in random-bet casino games.
If you see that there are some examples disproving the conjecture "Market is fully random and are not different than a casino roulette game".
It may be uncommon, but not a fully random example.
- krainboltgreene 2y agoYou are skeptical of this idea because you expect to see more people like Buffet "making money by simply buying stocks" (I'm being reductive for the sake of writing, not arguing). The unspoken foundation for this assumption is that everyone is equally at the casino roulette game. That is not the case. The american wealth inequality is vast. You are seeing exactly the expected number of winners (few) given that the people at the table who can afford a majority of the loss are very few. Stock markets are a casino gamble and the few people like Buffet are actually proof of it being a gamble. Don't take my word for it: https://money.com/warren-buffett-stock-market-casino/#:~:text=These%20high%2Drisk%20investments%20can,and%20daily%20tempts%20the%20occupants.%E2%80%9D https://money.com/warren-buffett-stock-market-casino/#:~:tex...