Why Is The Obvious Not So Obvious?

Discussion in 'Risk Management' started by nysestocks, Jan 25, 2009.

  1. Thanks to those who posted the MATRIX thread link. Enjoyed it.
     
    #2361     Oct 28, 2011
  2. NoDoji

    NoDoji

    Here's an inspirational guide that you may find helpful:

    http://www.pcuf.fi/~pjt/pink/language-memo.html
     
    #2362     Oct 28, 2011
  3. Oh wait, yes, I forgot, I can use Level II and T&S to see what the MM's are doing, what a joke, really

    Or, maybe the $PREM is indicating that program trading is now kicking in and the spurt should last a few minutes

    Or, maybe the fact that the market pauses every 10 min to just let everyone know what way it is going - another gem


    an expert is someone who has made every possible mistake in a verry narrow field....
     
    #2363     Oct 28, 2011
  4. rossky

    rossky

    Please, don't start to rhyme, but it would be great if you could continue your thoughts. Thank you.
     
    #2364     Oct 28, 2011

  5. Reading any of 3 perfectly good books by Taleb, and looking at the charts every day is a real eye opener -
     
    #2365     Oct 28, 2011
  6. another interesting thing I found out
     
    #2366     Oct 28, 2011
  7. sh*t
    hit the button too soon
    Another intereting thing I found out

    When the weatherman says '60% chance of rain today'

    he does not mean that there is a 60% likelyhood that the factors that cause a rain storm will come together today at some point

    apparently he means that in the past when 'similar' conditions have been present, it has rained 60% of the time


    those are 2 very different things
    :)
     
    #2367     Oct 28, 2011
  8. rossky

    rossky

    Suddenly, it has become obvious, right?
    ...
    What about this:

    "an expert is someone who has made every possible mistake in a verry narrow field...."

    If you didn't borrow the phrase from somewhere, could you continue please?
     
    #2368     Oct 28, 2011
  9. "an expert is someone who has made every possible mistake in a very narrow field"... Niels Bohr


    Having analyzed the snot out of things like $Prem for god knows how long - and concluding it won't help knowing $Prem (after paying 110 bucks a month good money to get it from esignal)

    I think the quote is apt, don't you?
     
    #2369     Oct 28, 2011
  10. Has anyone given the correct answer to the thread's title yet?

    The obvious is not obvious because the majority of people do not know how to think correctly.

    Short & sweet.
     
    #2370     Oct 29, 2011