Abolish Amerikkka@lemmygrad.mlcake to Personal Finance@lemmy.mlEnglish · 7 months agoBeating the marketlemmygrad.mlimagemessage-square1fedilinkarrow-up112arrow-down11file-textcross-posted to: latestageusempire@lemmygrad.ml
arrow-up111arrow-down1imageBeating the marketlemmygrad.mlAbolish Amerikkka@lemmygrad.mlcake to Personal Finance@lemmy.mlEnglish · 7 months agomessage-square1fedilinkfile-textcross-posted to: latestageusempire@lemmygrad.ml
minus-squaredavel [he/him]@lemmy.mllinkfedilinkEnglisharrow-up2·7 months agoThis graph seems to imply an analogy, but AFAICT it doesn’t actually make one. In the case of a coin with a heads bias, the winning move is to always call heads. In the case of the stock market, those who consistently beat it are those who control it. For instance: Members of Congress outperformed the S&P 500—sometimes by huge amounts
This graph seems to imply an analogy, but AFAICT it doesn’t actually make one.
In the case of a coin with a heads bias, the winning move is to always call heads.
In the case of the stock market, those who consistently beat it are those who control it. For instance: Members of Congress outperformed the S&P 500—sometimes by huge amounts