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re: Investing Advice for a Noob
Posted on 2/2/13 at 2:59 am to foshizzle
Posted on 2/2/13 at 2:59 am to foshizzle
Which is all i was trying to say but i decided to go get drunk. I almost added in the part of the thesis where they debated what happens when everyone "catches on" to indexing. Thanks for adding that in foshizzle.
Ifs all about the odds and the lack of having hindsight. Apparently i could not convey 95% to 5% odds through a message board.
And sorry we parsed "always." I look at 95% and call it always because for all practical purposes if i have a 95 percent sure thing im not taking the 5.
Eta: i still see yall "proved" your point using perfect hindsight again, which is fine. In fact jm not sure there is a way to defeat the argument without using hindsight, since all data instantly becomes known/historical. I beat LSURussian in day trading all the time using hindsight
The sarcasm could have been left outside the discussion.
Ifs all about the odds and the lack of having hindsight. Apparently i could not convey 95% to 5% odds through a message board.
And sorry we parsed "always." I look at 95% and call it always because for all practical purposes if i have a 95 percent sure thing im not taking the 5.
Eta: i still see yall "proved" your point using perfect hindsight again, which is fine. In fact jm not sure there is a way to defeat the argument without using hindsight, since all data instantly becomes known/historical. I beat LSURussian in day trading all the time using hindsight
The sarcasm could have been left outside the discussion.
This post was edited on 2/2/13 at 3:14 am
Posted on 2/2/13 at 9:43 am to Teddy Ruxpin
quote:
Eta: i still see yall "proved" your point using perfect hindsight again, which is fine. In fact jm not sure there is a way to defeat the argument without using hindsight, since all data instantly becomes known/historical. I beat LSURussian in day trading all the time using hindsight
No, but if I was gonna pick the winner of the Tennessee VS Kentucky football game, and I knew nothing about football and then I looked at the track record of the last 36 years and found that Tennessee was victorious 34 times, wouldn't the educated pick be the VOLS? I know, Tennessee football makes me feel like this lately:
But, That's not hindsight, that's calculated risk based on historical evidence.
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