I have no clue what I'm talking about.
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'I'm Right, The Market Is Wrong'
The fancier the math one uses to justify an entrenched investment opinion, the more obscure and arcane the indicators employed, the more desperate and wrong that person is. We don’t resort to algebraic equations when we’re on the winning side of a trade and confident that we have gotten the broad strokes right. It is only when our backs are against the wall and the core beliefs we’ve publicly held have proven to be ineffective or incorrect that we resort to mining for “new” data from decades ago to re-prove our original thesis. This is more about saving face and nursing a bruised ego than it is about making ... (full story)
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- Apr 24, 2013 6:05pm Apr 24, 2013 6:05pm
- Boy Wonder
- | Joined Feb 2012 | Status: Member | 175 Comments
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- Apr 24, 2013 6:38pm Apr 24, 2013 6:38pm
- kbp
- | Joined Dec 2009 | Status: Regular Trader | 11 Comments
back... and more dangerous.
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- Apr 24, 2013 7:20pm Apr 24, 2013 7:20pm
- Guest
- | IP XX.XXX.61.180
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- Apr 24, 2013 7:26pm Apr 24, 2013 7:26pm
- Trout
- | Commercial Member | Joined Oct 2007 | 688 Comments
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- Apr 24, 2013 8:35pm Apr 24, 2013 8:35pm
- primestop
- | Joined May 2008 | Status: Member | 6 Comments
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- Apr 24, 2013 8:53pm Apr 24, 2013 8:53pm
- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
When the facts change I change my mind, what do you do sir
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- Apr 24, 2013 10:19pm Apr 24, 2013 10:19pm
- Boy Wonder
- | Joined Feb 2012 | Status: Member | 175 Comments
I have no clue what I'm talking about.
- Comment #8
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- Apr 24, 2013 10:24pm Apr 24, 2013 10:24pm
- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
When the facts change I change my mind, what do you do sir
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- Apr 25, 2013 12:57am Apr 25, 2013 12:57am
- webart
- | Joined Aug 2009 | Status: Member | 217 Comments
- Comment #10
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- Apr 25, 2013 3:01am Apr 25, 2013 3:01am
- AlastorFate
- | Joined Mar 2011 | Status: Member | 1 Comment
'For the market to work, it needs people who think that they can beat it.'