3 ms·
If 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
by nvme0n1p1 4mo ago
If 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.