Author Topic: Interesting Articles...  (Read 476395 times)

Offline ExGingi

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Re: Interesting Articles...
« Reply #6675 on: March 19, 2017, 08:24:08 PM »
State your point clearly.

#3 has nothing to do with what Ritholz was talking about, and doesn't contradict it in any way.
Ritholtz finishes up with: "The second is that if you’re aiming for outperformance, make sure you win big early."

Is that within anyone's control? If it were, why would the same person not win big consistently?

I guess my problem is with Ritholtz calling this a lesson, as if it is something that can be learned and replicated.

It might be a lesson for hedge fund managers, that if they didn't win big early, they should close shop, but where's the lesson for the retail investor?

Offline Ergel

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Re: Interesting Articles...
« Reply #6676 on: March 19, 2017, 08:34:06 PM »
::) he's just pointing out a simple mathematical fact. I don't think he's giving advice
Life isn't about checking the boxes. Nobody cares.

Offline skyguy918

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Re: Interesting Articles...
« Reply #6677 on: March 19, 2017, 08:34:49 PM »
Ritholtz finishes up with: "The second is that if you’re aiming for outperformance, make sure you win big early."

Is that within anyone's control? If it were, why would the same person not win big consistently?

I guess my problem is with Ritholtz calling this a lesson, as if it is something that can be learned and replicated.

It might be a lesson for hedge fund managers, that if they didn't win big early, they should close shop, but where's the lesson for the retail investor?
It's obviously not intended to be actionable advice. It's highlighting the lesson of the importance of early returns due to compounding (TVM).

::) he's just pointing out a simple mathematical fact. I don't think he's giving advice
+1 Hard to read it any other way.

Offline ExGingi

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Re: Interesting Articles...
« Reply #6678 on: March 19, 2017, 08:44:56 PM »
::) he's just pointing out a simple mathematical fact. I don't think he's giving advice
Lesson?

Offline JTZ

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Re: Interesting Articles...
« Reply #6679 on: March 19, 2017, 08:46:35 PM »
::) he's just pointing out a simple mathematical fact. I don't think he's giving advice
What mathematical fact? To out preform you don't need to win big early.
"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(

Offline Ergel

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Re: Interesting Articles...
« Reply #6680 on: March 19, 2017, 09:08:28 PM »
What mathematical fact? To out preform you don't need to win big early.
No, that big returns early are beneficial to long term growth (and more beneficial than big returns later)
Life isn't about checking the boxes. Nobody cares.

Offline ExGingi

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Re: Interesting Articles...
« Reply #6681 on: March 19, 2017, 09:17:55 PM »
No, that big returns early are beneficial to long term growth (and more beneficial than big returns later)
My problem is with him calling this a "lesson for investors". Contrast that with how Richard Russell (עליו השלום) put the lessons for investors, stressing NOT chasing returns, and not losing money (which I am sure Ritholtz agrees with). Russell's advice could be replicated by anyone.

« Last Edit: March 19, 2017, 10:12:43 PM by ExGingi »

Offline ExGingi

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Offline aygart

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You have the right to remain silent. Anything you say can and will be used to start a religious discussion.

Offline ExGingi

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Offline good sam

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Re: Interesting Articles...
« Reply #6685 on: March 21, 2017, 12:41:44 AM »


https://www.theguardian.com/books/2017/mar/16/oxford-comma-helps-drivers-win-dispute-about-overtime-pay

I don't understand the appeals court. If "shipment or distribution" is a single clause, then the sentence is a fragment, missing the "and" or "or" to tie the list together.
If you don't care why would you comment?
HT: DMYD

Offline elit

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Offline henche

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Re: Interesting Articles...
« Reply #6687 on: March 21, 2017, 11:33:13 PM »

I don't understand the appeals court. If "shipment or distribution" is a single clause, then the sentence is a fragment, missing the "and" or "or" to tie the list together.

They address that argument.

Offline zh cohen

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Re: Interesting Articles...
« Reply #6688 on: March 22, 2017, 12:12:46 PM »
Anyone recognize the picture in this article?

https://t.co/9oyWdefYWd

Offline JTZ

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Re: Interesting Articles...
« Reply #6689 on: March 22, 2017, 12:26:13 PM »
Anyone recognize the picture in this article?
Nope.  :)
"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(