9 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.

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You've not seen my plumbing

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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.

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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...

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“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 :)

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May 15, 2023Liked by Otto Oehring

“33”

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

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

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

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