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.
That’s a reasonable statement given the fact that amongst tradesmen they tend to be the most “wabi-sabi” styled in their operating system...it can make them enjoyable to be around for the more mechanically minded and self-tormented thinker...their kindness to themselves and other is contagious.
Perfect. You just described the problem with publicly traded companies - it’s treated like a game. No discernible business analysis. Stupid bitcoin logic...
Not exactly. Many publicly traded company investors (often, hedge funds) do treat it like a game, but many others do not. The latter type include the necessary business analysis, along with perceptions of human behavior, in their investment decisionmaking, and reap the consequent results of a Messr. Buffett.
“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 :)
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.
You've not seen my plumbing
That’s a reasonable statement given the fact that amongst tradesmen they tend to be the most “wabi-sabi” styled in their operating system...it can make them enjoyable to be around for the more mechanically minded and self-tormented thinker...their kindness to themselves and other is contagious.
Perfect. You just described the problem with publicly traded companies - it’s treated like a game. No discernible business analysis. Stupid bitcoin logic...
Not exactly. Many publicly traded company investors (often, hedge funds) do treat it like a game, but many others do not. The latter type include the necessary business analysis, along with perceptions of human behavior, in their investment decisionmaking, and reap the consequent results of a Messr. Buffett.
“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 :)
“33”
Dis the NYT report any distribution information, or a confidence interval around their result?
A Keynes quote...perfect...LOL.
This explains everything. I'm an overachieving, but not very confident, idiot. LOL