4 ms·
Yes, but when their run ends they tend to underperform. Every time.
by Lerc 4mo ago
Yes, but when their run ends they tend to underperform.
Every time.
- nvme0n1p1 4mo agoIf a stock market observation has no predictive power, then it's worthless. I look forward to your weather report too: "It's always sunny outside until one day it starts raining. Every time."
- deleted 4mo ago[deleted]
- andrewstuart2 4mo agoOff topic, but I love your username.
- tjwebbnorfolk 4mo agohey he hacked my computer his user has a home folder inside of /dev
- tjwebbnorfolk 4mo agoye, the stock market isn't magic, it's just a collection of what people think. and people can be very wrong in a big way.
- deleted 4mo ago[deleted]
- nradov 4mo agoBuddy I think you missed the joke.
- EA-3167 4mo agoNot at all, if someone tells me that "This stock is historically likely to regress to and beyond the mean," it's information I can use to evaluate my risk tolerance. Just because a piece of information doesn't let you time the market like a psychic doesn't make it worthless, it's just not what you were looking for.
- throw0101d 4mo ago> I look forward to your weather report too: "It's always sunny outside until one day it starts raining. Every time." I once ran across the comment that if you simply predict tomorrow's weather will be the same as today's you'd be correct 80% of the time. Not sure how true that is (can't find the source). Allegedly momentum investing does pretty well: * https://en.wikipedia.org/wiki/Momentum_investing https://en.wikipedia.org/wiki/Momentum_investing (I'm more of an index guy myself.)
- variadix 4mo agoThere are momentum indices. Momentum is actually a strange phenomenon from the perspective of the efficient market hypothesis because it does not have an obvious risk to balance its premium compared to other empirical factors.
- deleted 4mo ago[deleted]
- ertgbnm 4mo agoOnce you lose, you have lost. Ok, but how does that help us predict when something will lose?
- nradov 4mo agoYes, it is predictive. But only retroactively.
- ohyes 4mo ago“When the stocks don’t go up they don’t match the market which generally goes up”
- eternal_braid 4mo agoMany people who replied to you seem to have missed your joke. I appreciated it.
- Lerc 4mo agoIt is my curse. Years ago, My daughter's science teacher said that school should teach a love of learning. I replied 'I thought the point of school was to make productive worker units in society' And while he explained to me why I was wrong I was thinking to myself 'great, now he thinks I'm a terrible person' It seems I deadpan too effectively.
- rightbyte 4mo agoPoe's law apply to real life too.
- bluGill 4mo agoProductive workers in society need to learn new things all the time. I can't think of any career that hasn't changed in my life. I recall a garbage man (sexism probably wasn't required even then, but I never recall females) hanging off the back of the truck while the driver drove to the next house - the driver today needs to know how to operate the arm on the truck that lifts my can. Fast food used to be cooked within 10 minutes of when it was thrown, now they obviously are keeping things warm for a lot longer.
- c22 4mo agoSometimes people bring me things that are broken 'cause I like to fix stuff. They always say "it was just working!"
- pkilgore 4mo agowell I laughed
- davedx 4mo agoTautologies 'R us
- nkmnz 4mo agoPredictions are difficult, especially about the future.
- fittingopposite 4mo agoThat's a nice tautology