Sep

6

by the way, unlike the contrived biases of the Harvard pseudo-stat, master of self-fulfilling questionnaire to college students, the stock market shows real biases. one is the tendency to take small profits after a big loss. all who sat thru the depression succumb.

free associations: 37-day low in S&P at 3941 (july 18, 2022, was 3811), fake hecklers, blood red, 2 marines, unifying, semi, amnesia, founder of regression, senate prob of 38%.

application for drs. these days: "what have you done to stamp out and reverse?"

a good essay query for incoming students: compare and contrast the post-game interview of the home run champion with the beaten female star. pay particular attention to the compliments to competitors and teammates. what is the signif of this for market and crime?

Sherlock Holmes has numerous gems of advice for market people. My favorite is how he discards useless knowledge for useful ones. Let us not allow the useless to crowd out the useful ones. In this he was very similar to Emanuel Lasker the champion chess player of Victorian times.

How does this apply to markets? remember when the whole world is giving you one reason after another to sell like now and symbolized by El Erian and the always-bearish former mayor's news and data service - remember how the old time cliques worked. when they wanted to accumulate, they fed the newspapers and important players bearish but very persuasive news. and when they wanted to sell, the opposite. what is the solution? discard the ephemeral and concentrate on the 10,000-fold a century drift - especially when the market is at a 30 day minimum.

Lasker like Sherlock never studied opening games or book games as it crowded out his creativity during games. I hated to get coached in between racquet games as it dampened my free style.

Vic's twitter feed


Comments

Name

Email

Website

Speak your mind

Archives

Resources & Links

Search