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There are a few traders in history that beat the market in a statistically significant way for basically their entire career. It is a small number <20, but they
by gjmulhol 13y ago
There are a few traders in history that beat the market in a statistically significant way for basically their entire career. It is a small number <20, but they exist. The issue is that everyone thinks "I can do that". Most people can't.
- bradleyjg 13y agoYou'd expect that too. Get enough people flipping coins and a few of them are going to have long streaks of heads. Plus once you've had a record of success opportunities come your way that aren't generally available. You try and buy GS preferred stock with a 10% dividend and warrants on top and see how far you get.
- zero_intp 13y agoone of the best ways to evidence a falsified data set on coin flips is to determine if long enough streaks are not present.
- gabemart 13y ago>There are a few traders in history that beat the market in a statistically significant way for basically their entire career. Given the vast number of market players, what counts as "statistically significant"? A probability of seeing results at least as good as theirs by chance of 1 in 20? 1 in 100? 1 in 1000? 1 in 10,000?