Thursday, July 10, 2014
The Experts (Are Way Off)
No amount of back data, simulation ... can predict future events accurately. All those who study statistical distribution and variance analysis can only guess at best. In much the same mould, are the experts' views and predictions about investments (mine included). Hence, take experts' views with a large bucket of sodium.
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2 comments:
The most exciting World Cup I have ever seen!
Nobody can repeatedly predict stock markets trend reversals accurately. Some investors/speculators and almost all traders, just ride the trend - not bothering to outsmart marts. And in many stock marts, uptrends wins mor often than downtrends - yes, more likely to be correct/win in mart than in football!
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