Some very good commentary in this. And exactly why I don't watch TV news.
https://www.youtube.com/watch?v=eaoEhCmWLrU
The Great Deceit
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MachineGhost
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The Great Deceit
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Re: The Great Deceit
Thanks for posting that, MG. There is a great sequence from about 4:40 to about 7:40 where they are all talking about what a great buying opportunity 2008-2009 was. Then, when asked to evaluate whether or not now is a good time to "invest in the market", they all kind of just look at each other.
All in all it's really worth watching, but from a PPer's perspective it's puzzling that they can talk about investing for 18 minutes and really only deal with the stock market. It's like the only option for when stocks are tanking is to just take a beating and buy more. A PPer would buy more but hopefully escape much of the beating.
All in all it's really worth watching, but from a PPer's perspective it's puzzling that they can talk about investing for 18 minutes and really only deal with the stock market. It's like the only option for when stocks are tanking is to just take a beating and buy more. A PPer would buy more but hopefully escape much of the beating.
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MachineGhost
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Re: The Great Deceit
The official Oxford Club position is they don't time the market, even though they use trailing stops which is in essence the same thing. 
Trailing stops, percent bands, moving averages, rebalancing, etc. its all the same thing in the end. The problem is human nature is to let losers run, that's the default cognitive bias. So no one really wants to go there.
Trailing stops, percent bands, moving averages, rebalancing, etc. its all the same thing in the end. The problem is human nature is to let losers run, that's the default cognitive bias. So no one really wants to go there.
Last edited by MachineGhost on Mon Jan 05, 2015 2:28 am, edited 1 time in total.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!