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Reinventing the Wheel & Trading PRPFX
Posted: Sun Feb 12, 2012 4:15 pm
by Ad Orientem
If you haven't had your quota of laughs for the day I refer you to this and some of the comments below it.
http://seekingalpha.com/article/358191- ... io-part-ii
Re: Reinventing the Wheel & Trading PRPFX
Posted: Sun Feb 12, 2012 4:24 pm
by craigr
A simple portfolio with no market timing will win over time.
Re: Reinventing the Wheel & Trading PRPFX
Posted: Sun Feb 12, 2012 4:29 pm
by AdamA
I enjoyed reading your comments.
Re: Reinventing the Wheel & Trading PRPFX
Posted: Sun Feb 12, 2012 4:37 pm
by AdamA
craigr wrote:
A simple portfolio with no market timing will win over time.
That's what Ad Orientum was trying to explain to these people...without much success.
Re: Reinventing the Wheel & Trading PRPFX
Posted: Sun Feb 12, 2012 4:44 pm
by Ad Orientem
I rarely spend much time on Seeking Alpha anymore. Its overwhelmingly about quick money and speculative investing. I only pop in now and then when the PP or PRPFX comes up. And then it seems there are always people trying to figure how to trade it. Sometimes I feel like I am banging my head on a brick wall.
Edit: Typos
Re: Reinventing the Wheel & Trading PRPFX
Posted: Sun Feb 12, 2012 4:45 pm
by craigr
AdamA wrote:
craigr wrote:
A simple portfolio with no market timing will win over time.
That's what Ad Orientum was trying to explain to these people...without much success.
A website like Seeking Alpha inherently appeals to market timers. I'm seeking to match the market. Over time trying to match the market gives you Alpha over market timers because they will lag the market doing what they do.
As I've said many times, I love taking money from market timers. It's the easiest money I make.
Re: Reinventing the Wheel & Trading PRPFX
Posted: Sun Feb 12, 2012 5:17 pm
by clacy
To each, their own I guess. There's no point in trying to convert everyone, as we all have different approaches to the market.