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The thing you should keep in mind about stock market commentators, amateur or professional, is: "If this person actually knew what they were talking about, the
by asuffield 12y ago
The thing you should keep in mind about stock market commentators, amateur or professional, is:
"If this person actually knew what they were talking about, they would be investing and making a fortune, not telling me about it"
It doesn't matter how smart they are, how many awards they've won, or how successful they've been in business. If they're making a public post about it, it's because they don't really know anything. If they knew, they would keep it quiet and invest.
- hayksaakian 12y agoyou can do both though can't you? if you think company X is going to do well, you invest in them, and then comment about how amazing it is. (That might drive up the price even more).
- codexon 12y agoThat is actually a common fallacy. If you know what you are talking about, it is still in your interest to let everyone else know after you have purchased shares so that your shares will rise faster and higher. Just because you are confident that something will go in a certain direction without telling everyone, doesn't mean you won't benefit from doing so. As many economists like to say, markets can remain irrational longer than you can remain solvent. Your saying really only applies to trading algorithms.
- danieltillett 12y agoYes it is called talking your book. Very popular.