Hey cheeze whiz, I have read both these threads and as funny as they are they prove to this community you have no real life. You went wharton and got a MBA and all you can do is toute BS about undergrad business statistics applied to portfoliio risks? Give me a break, why are you not out running a company or startng one. Oh thats right cause your one of the runts of the IVY's . They all have black sheep, like the student that gets a BA from one then hides out iin another then masters then a PHD and never does a dam thing even close to productive. Yeah great model, but its about as good as the nobel prize winning CAPM model. Looks great on paper and in theory in an Efficient market (is there such a thing, yeah right then how do you explain the january effect) but sucks the big one in application to the real world besides corporate finance. Iit would never work in Capital Markets. Back to the drawing board meatman, maybe try game theory this time, maybe stocks have personalities and react in price movement to the moods of the other stocks, red means sad and green means happy. Thats about as much application your theory has. Like others have said compute your losses and when taking annualized return it should be a snapshot of all the stocks in the portfolio not just the ones you closed on. I think you are some one that suffers from some self delusional skitso ego trip that gets off at the thought of something falling within any thing less than one standard deviation of a filet migon and moldy cheese. "Mr. Market, what you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul." Thats just my oppinion, I could be wrong... ChaosNSX
can you in ONE sentence, tell us your percentage returns for the last 2 years? You went to Wharton, so this should be a simple calculation. You must include "open trades", they are marked to market value, but you know that, you're from Wharton. 2001 ? 2002 ?
I didn't go to Wharton and I don't know his actual figures, so I can't give you the annual returns. However, since MrMarket is rather open about his trades, I can give the figures on a per position basis. In 2001, MrMarket opened 41 positions, average return ~ 7.5% The last 2001 positions were closed at the end of 2002. In 2002, MrMarket opened 18 positions, average return ~ -1.7% This average includes positions open at the end of 2002. Sorry I can't do any better for you. And it isn't in one sentence either. Regards, Karel
Qarel. You know what.. Qarel/ALICE/mrmarket, and I'm speaking to all ONE of you, you're going to regret not coming to ET and simplying saying, "I made 7% in 2001, I lost -2% in 2002, but I'm an undergrad from Penn St. who likes the stock market, and I believe I can learn and do better in the future." Why did you have to come here the other way?
I can't know why Ernie does what he does, but I have no problems with his attitude. It's really amazing however to see how many people take themselves so seriously that they just go up in flames when someone else makes fun of himself. (Besides posting content; where are your results? where do you share your method?) And why do you pretend that I am MrMarket pretending to be me? My profile states that I am from Nijmegen, The Netherlands. Just check my knowledge of Dutch, brave heart. Regards, Karel
That isn't so far off from the pairstrading strategy, is it? Stocks certainly do react in sympathetic red or green, that's why the futures being + or - or the Dow and the Nasdaq being Up or Down each day is relevant. Shouldn't black sheep get BAA's?
Someone also questioned today (in a nice way) whether I might be mrmarket. I'm not. I do wonder about ALICE. But she could be his wife, or just another follower from the Yahoo site.