10 Comments
May 13, 2023Liked by Otto Oehring

Or you could just buy the index through a tracker. As Samuelson noted some 50 years ago, nearly all 'Average Stock Market Operators' would be better off and more socially useful as plumbers.

Expand full comment
May 13, 2023Liked by Otto Oehring

Perfect. You just described the problem with publicly traded companies - it’s treated like a game. No discernible business analysis. Stupid bitcoin logic...

Expand full comment

“Than we have the players that picked a number greater than 66. They expected a number close to 100 would be the average pick. Hopefully, those guys know about their very limited knowledge and incompetence. But I highly doubt it.”

I picked 75 and I acknowledge my very limited knowledge and incompetence. Hope it helps with easing your doubts :)

Expand full comment
May 15, 2023Liked by Otto Oehring

“33”

Expand full comment

Dis the NYT report any distribution information, or a confidence interval around their result?

Expand full comment

A Keynes quote...perfect...LOL.

Expand full comment

This explains everything. I'm an overachieving, but not very confident, idiot. LOL

Expand full comment