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re: Tips for a Young Investor
Posted on 10/9/13 at 12:10 pm to FloridaMike
Posted on 10/9/13 at 12:10 pm to FloridaMike
I would like advice on staring a career in investing as well. How do y'all make investment decisions, is it by using behavioral finance theories or is it more formulas and algorithms? Obviously they are both used to some extent, but which is more important. I have heard of people graduating in Psychology and starting their own hedge fund and becoming very successful.
1
Posted on 10/9/13 at 12:52 pm to Turkey_Creek_Tiger
quote:
I have heard of people graduating in Psychology and starting their own hedge fund and becoming very successful.
If you set up a single-elimination tournament ladder for, say 10,000 people, and you ran the tournament with the competition being flipping coins, one person is guaranteed to win. 5 people are guaranteed to finish in the top 5. 10 people are guaranteed to finish in the top 10. Are those people expert coin-flippers? They'd be famous, if people cared about your tournament.
I've heard of a hell of a lot of people graduating in Psychology and not being successful hedge fund managers, too.
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