What nonsense. At least anyone that says that with a straight face. And yet you think the markets are ... random.
Simons talking about luck in his trading: https://www.youtube.com/watch?v=srbQzrtfEvY Buffet believes in luck: "Buffett says key to his success is luck" https://www.cnbc.com/2018/05/04/warren-buffett-says-the-key-to-his-success-is-luck.html Cooperman: "I made my fortune thanks to luck and common sense" https://www.cnbc.com/2018/10/17/leo...-fortune-thanks-to-luck-and-common-sense.html Munger on luck: "While you can be the most deserving and intelligent person, "there's also a factor of luck that comes into this thing," he says." https://finance.yahoo.com/news/warren-buffett-apos-partner-charlie-165400106.html And ofc Taleb (Fooled by Randomness: The hidden role of chance in life and in the markets). Move along. These people identify luck one way or another and accept its role in life.
They're random and not random, at the same time. Market's contain incomplete information to us. Ever heard of a black swan? Do you know its properties? It occurs randomly, it is unpredictable in nature (you cannot see it in the data). Randomness is embedded in the very fabric of markets. Idiot. Example: If you observe 10,000 white swans, it does not confirm that black swans don't exist. Therefore, no matter how much data you can look at, you cannot predict the future with certainty. You'll always have incomplete information, hence a degree of randomness. More so in shorter time periods, less so in longer, but nevertheless, it exists at all scales.
To the turkey, everyday looks like the past, he has no idea when his head is going to get chopped off. The butcher knows exactly when he is going to kill the turkey. To the butcher, turkey's doomsday was not random but planned. To the turkey, it was random. Try not to be the f*cking turkey! MAKES SENSE? @volpri @SunTrader @padutrader I present to you... the problem of induction. @maxinger Makes sense Max? @d08 makes sense???? @wrbtrader Makes sense? @bpr got it? @Overnight do you have a YT video for this?! @themickey @ZTrader888 makes sense?????? @CharlesS got it? @Real Money makes sense ?! @LS1Z28 MAKES SENSE? @comagnum You seem nice, you see what I am saying now? @ironchef Whats up bro, you see now? @Wheezooo You see now?! @Peter10 You see what I am saying?
Just liked Fooled by Randomness I had already googled those guys and read each of the writeups, not just your quoted one line snapshots. Context matters. They are also all "trying" to be modest. When you have billions you can be pretend to be modest. Grandfatherly Midwestern values Buffett is especially a master at that. Naive know it alls lap it up.
lmfao!!!!! was waiting for this one. This is why you are where you are in respect to trading & and they are where they are.
Except Black Swans are so rare, if you listen to the "experts", they shouldn't even happen - but for at least 10000 years apart. LOL BTW does Taleb resort to name calling as often as you or just every Black Swan?
Your first sentence makes no sense. Please edit and rewrite. You listen to experts? It is part of nature, black swans is a property that will always stick with us. They are not always to the downside. Rise of internet was a black swan, google was a black swan, sadly 9/11 was a black swan, discovery of penicillin was black swan, same with viagra (both made by accident), and many more.
good question wonder why he bothered to open a discussion this i more like sermon but i have never heard of a religious man curse or name call his congregation