Read on Twitter
few responsible people carry the world
0.25% => how many per country..?
now build, max 15 entries
are mortals good enough to find them all the time, every time..?
why is this..? did analysts know..?
next we want to know how many attempts does it take to find a manager who -after a stellar year- will outperform year after year (does 60/40 or better instead of 50/50)
=> it will take 143 years to find the guys
beware of survivorship bias
=> it will take 143 years to find the guys
beware of survivorship bias
there are winners of course
If 90%+ of all participants lose all the time then someone must make a mountain of dough
you guessed it its the casino
=> 251 trading days, winning on 220 and winning big
want to be successful at this, we need to emulate the casino's behavior, simple
If 90%+ of all participants lose all the time then someone must make a mountain of dough
you guessed it its the casino
=> 251 trading days, winning on 220 and winning big
want to be successful at this, we need to emulate the casino's behavior, simple
what is "casino behavior"?
a) have a process
b) understand structure
c) accumulate clandestinely over time
d) distribute in Pareto 80/20 fashion
e) govern market participant's emotions
a) have a process
b) understand structure
c) accumulate clandestinely over time
d) distribute in Pareto 80/20 fashion
e) govern market participant's emotions
the "Rule of 72" shows that we can double every ten years, if we can re-invest and compound at a certain % rate
it all starts with your income and savings rate = how much money can you save and put to work periodically..?
it all starts with your income and savings rate = how much money can you save and put to work periodically..?
