General Discussion

HardTimes99

(2,049 posts)

68. There was a study done by some academic that actually tested random stock picking (maybe

Sat Aug 31, 2013, 04:50 PM

Aug 2013

by monkeys literally throwing darts at dart boards even!) and the results showed that random stock picking performed better than about 80-90% of the professional money managers\stock pickers. This study is often cited in defense of modern asset allocation theory, IIRC, which says you can achieve the best results not by making specific stock or bond picks but by simply allocating your assets across a variety of asset classes in accord with your age and risk profile.

But the larger philosophical implications that you note are also ineluctable conclusions one can draw from said study.

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I find it interesting that everyone here knows how to run the country [View all] WeekendWarrior Aug 2013 OP

What inside knowledge do you have that suggests what is said here is wrong? morningfog Aug 2013 #1

honestly, is there a dimmer comment than that? cali Aug 2013 #2

nothing dumber that this OP that i have read recently La Lioness Priyanka Aug 2013 #75

That pesky "democracy" thing again! Only those who can afford higher office should make decisions villager Aug 2013 #3

For the oldsters on the Board, there was a joke that used to make the HardTimes99 Aug 2013 #62

Now it's how the Koch Bros. think villager Sep 2013 #107

It is the weekend so educate us Harmony Blue Aug 2013 #4

just think if one of us was President on 19 March 2003 hfojvt Aug 2013 #5

heh. I was waiting for someone to point this out. SammyWinstonJack Aug 2013 #22

Thank you. Jesus, have people learned NOTHING over the past 10 years?! WorseBeforeBetter Aug 2013 #44

+1 LWolf Aug 2013 #86

Zing! senseandsensibility Sep 2013 #104

Inside knowledge is that inside the bubble? Sam1 Aug 2013 #6

It is and that's the problem. The intelligence agencies are untrustworthy Warpy Aug 2013 #81

You know, we should just close down DU until this is all over. Autumn Aug 2013 #7

Do you think the OP would allow us to AsahinaKimi Aug 2013 #51

No, that might get too controversial. Maybe we could discuss coloring crayons. Autumn Aug 2013 #52

Brilliant idea! AsahinaKimi Aug 2013 #53

How perfect is that!! We all have inside knowledge on crayons. Autumn Aug 2013 #55

Thanks! AsahinaKimi Aug 2013 #56

Great, now we have a problem. There are six crayons missing from that color palette. Autumn Aug 2013 #59

Do your best AsahinaKimi Aug 2013 #60

Maybe crayons aren't as harmless as I thought. Autumn Aug 2013 #65

I'm willing to think there is genuine disagreement but treestar Aug 2013 #8

+100 nt Andy823 Aug 2013 #40

And so many other arguers are people who LWolf Aug 2013 #87

So you just came here to throw shit and insults? notadmblnd Aug 2013 #9

Yeah, 'cause the parasite class has done such a bang up job... Egalitarian Thug Aug 2013 #10

Zakly. I, or anyone else on here, could hardly do worse. At least we might be trying to do Nay Aug 2013 #48

A monkey throwing darts at a dartboard would have at least a 50-50 chance of doing HardTimes99 Aug 2013 #64

One of the great unspoken truths. You're absolutely right, and the same can be said for Egalitarian Thug Aug 2013 #66

There was a study done by some academic that actually tested random stock picking (maybe HardTimes99 Aug 2013 #68

You do recall correctly, and it's been ongoing for over 30 years. The monkey, Egalitarian Thug Aug 2013 #69

Yours is one sobering post and probably deserves to be its own OP, methinks - nt HardTimes99 Aug 2013 #71

Thank you very much, I appreciate it. Unfortunately, very few here are interested in reading Egalitarian Thug Aug 2013 #72

Don't mean to hijack this thread, but is something about Occupy Wall Street (Los Angeles) HardTimes99 Aug 2013 #73

This thread is worthless, hijack away. Egalitarian Thug Aug 2013 #79

Actually, come to think of it, Occupy Wall Street has a lot of relevance to the OP, as there was HardTimes99 Aug 2013 #80

Well there you go........... socialist_n_TN Aug 2013 #82

I'm just going by the odds of that random person having the cunning, contacts, Egalitarian Thug Aug 2013 #84

Hey nebenaube Aug 2013 #11

I find it interesting that you assume I'm a partisan who supports WeekendWarrior Aug 2013 #12

It's Saturday tkmorris Aug 2013 #38

I'm with you 100% dennis4868 Aug 2013 #42

And that was the EXACT thing that the Bushites said about us........ socialist_n_TN Aug 2013 #83

Anyone else noting Le Taz Hot Sep 2013 #91

I find the OP alarming mick063 Aug 2013 #13

Where have I heard comments like this before . . . markpkessinger Aug 2013 #14

+1000 forestpath Aug 2013 #33

I find it interesting that in a democracy you think people should not have opinions or speak them Bluenorthwest Aug 2013 #15

No kidding. Moses2SandyKoufax Aug 2013 #19

^^^ THIS, MR. OP! nt Pholus Aug 2013 #49

What a load of horseshit. nt. 1-Old-Man Aug 2013 #16

Yep. Though... bunnies Aug 2013 #21

Quite enlightening, yes. n/t Laelth Aug 2013 #36

I did not know that ctsnowman Sep 2013 #102

Well gosh, you sure told us! Iggo Aug 2013 #17

Obama should fix everything! That's what I would do! FSogol Aug 2013 #18

Dick move "WeekendWarrior". bunnies Aug 2013 #20

*lmao* Hydra Aug 2013 #23

Given his job performance and despite having all the "inside knowledge" on all issues it seems that Moses2SandyKoufax Aug 2013 #24

That's BS dennis4868 Aug 2013 #43

If you don't like some of the opinions expressed here Moses2SandyKoufax Aug 2013 #58

...of the people, by the people, for the people,... libdem4life Aug 2013 #25

Tired argument. n/t ellisonz Aug 2013 #26

a single shred? Rosa Luxemburg Aug 2013 #27

That some major autocratic, authoritarian and un-American horse shit cthulu2016 Aug 2013 #28

Almost comical if it weren't so dangerous. Democracyinkind Aug 2013 #29

Don't you mean rule the world? Coyotl Aug 2013 #30

It's called democracy. Tierra_y_Libertad Aug 2013 #31

You'll need a lot more straw to fully stuff that man. n/t Laelth Aug 2013 #32

Yawn MFrohike Aug 2013 #34

Very well put. Thank you. truebluegreen Aug 2013 #85

I find it interesting that so many Americans whatchamacallit Aug 2013 #35

They don't seem to realize that all sheep share a common fate. n/t Egalitarian Thug Aug 2013 #57

Are you a monarchist? ZombieHorde Aug 2013 #37

Who knows? With more information, this could become a democracy. Octafish Aug 2013 #39

The recs are a real rogues gallery cthulu2016 Aug 2013 #41

Amen! Imagine the arrogance and insolence of people who think they can talk back to the leaders and Douglas Carpenter Aug 2013 #45

I find it interesting that you seem to KNOW who to TRUST.. SomethingFishy Aug 2013 #46

Everyone is entitled to an opinion, and has the right to express it. Savannahmann Aug 2013 #47

Well, it would help if we knew what some of that inside knowledge is. NuclearDem Aug 2013 #50

* ran it for 8 years. I suspect anyone on DU could do a better job. nt adirondacker Aug 2013 #54

What an insulting post. I can't think of an insult to respond with that HardTimes99 Aug 2013 #61

(|:-)__~~~% kentuck Aug 2013 #63

I saw what you just did here... pipi_k Aug 2013 #67

Welcome To The Internet distantearlywarning Aug 2013 #70

you know these recent trends that seem to claim that citizens should not interfere La Lioness Priyanka Aug 2013 #74

Is you OP a way of saying we should just be silent and not give our opinion? hrmjustin Aug 2013 #76

But..... but...... but......!!! YOUR opinion has no validity!!!!!!! MADem Aug 2013 #77

A lot of people here deserved that BeyondGeography Aug 2013 #78

Agree LukeFL Sep 2013 #88

back in 2007 - I would never have imagined that here on DU we would be caught in a fight between Douglas Carpenter Sep 2013 #89

Yet another post... ljm2002 Sep 2013 #90

i find it interesting that you find that no one should have an opinion without 'inside knowledge'. spanone Sep 2013 #92

You folks crack me up WeekendWarrior Sep 2013 #93

You're just claiming to be a better armchair general than everyone else wtmusic Sep 2013 #95

I haven't made any claims at all WeekendWarrior Sep 2013 #96

I hire the most knowledgeable to care for my car. Cerridwen Sep 2013 #94

Damn democracy (republic) - what a drag. nt Jasana Sep 2013 #97

My rule of thumb... tavernier Sep 2013 #98

Bucket O'Fail 99Forever Sep 2013 #99

I don't know how to run a country... NaturalHigh Sep 2013 #100

Ahhhh, whining about the DU. And feeling hurt I assume? n-t Logical Sep 2013 #101

That's an appeal to authority LittleBlue Sep 2013 #103

Exactly, people without inside knowledge don't know anything! That's why we should always vote for hughee99 Sep 2013 #105

If everything everyone says here is worthless... kentuck Sep 2013 #106

It's always easier to criticize than to govern. CakeGrrl Sep 2013 #108