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re: Tips for a Young Investor
Posted on 10/9/13 at 12:52 pm to Turkey_Creek_Tiger
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.
1
Posted on 10/9/13 at 1:01 pm to tokenBoiler
quote:
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.
I didn't know, I was just wondering how useful that degree can be in the investing world.
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