3 ms·

Yeah, I alo made a fortune in the market except for the money I lost.

• mturmon 12y ago
  I recall seeing a graph of a stock index in which all but the 10 (e.g.) best days within a very long time span (~years) were removed - to mock up a trader who removed his money at a few unlucky times. You ended up losing huge. The lesson was exactly what you're saying -- you also have to count that one huge loss. You can't fence it off as an exception and remove it from the accounting.
  • mentat 12y ago
    Wealthfront posted a graph on that. I called them out on it on Twitter which they didn't appreciate.
    • joshu 12y ago
      Url please?
      • mturmon 12y ago
        Yep, I tried to find the graph but failed. It would be interesting to see again. I have a professional interest in probability and stochastic processes, so it stuck in my mind.
        • joshu 12y ago
          I have seen the graph before, I was curious about the response on Twitter.
      • mentat 12y ago
        https://blog.wealthfront.com/much-liquidity-will-cost-long-run/ https://blog.wealthfront.com/much-liquidity-will-cost-long-r... Not sure how to find the Twitter interaction as Twitter isn't big on history as far as I understand it.
        • mturmon 12y ago
          Thanks for finding the plot.