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...
“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 :)
I am very new to investments and not only in practice but in theory. I have been a teacher and artist by trade and, following some advice I gave my young daughter, I decided to get an MBA. (online) One of the courses is Accounting, Finance, and Valuation hence my newfound interest in the stock market and such. Something I find humorous about the "average" human is that I am nearly certain that most of the folks that I know who think they are clever would have read ahead rather than taking the quiz without knowing the answer they were supposed to give. I see this often when someone posts some sort of intelligence exercise, usually involving a picture where "only the most intelligent people can find the___________ in under thirty seconds" or something like this. (The blank of course representing some sort of anomaly.) People love to think of themselves as clever. I doubt investors are any different than your "average" person so, intuitively, their strategy would be to find some way to cheat...
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...
“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 maybe your honesty?
“33”
I am very new to investments and not only in practice but in theory. I have been a teacher and artist by trade and, following some advice I gave my young daughter, I decided to get an MBA. (online) One of the courses is Accounting, Finance, and Valuation hence my newfound interest in the stock market and such. Something I find humorous about the "average" human is that I am nearly certain that most of the folks that I know who think they are clever would have read ahead rather than taking the quiz without knowing the answer they were supposed to give. I see this often when someone posts some sort of intelligence exercise, usually involving a picture where "only the most intelligent people can find the___________ in under thirty seconds" or something like this. (The blank of course representing some sort of anomaly.) People love to think of themselves as clever. I doubt investors are any different than your "average" person so, intuitively, their strategy would be to find some way to cheat...
This explains everything. I'm an overachieving, but not very confident, idiot. LOL
Dis the NYT report any distribution information, or a confidence interval around their result?
A Keynes quote...perfect...LOL.