Hi Jason, saw your email. Have you tried reinstalling the app? I will say the desktop version is best. Also, sometimes I don’t get any comments on posts here. It’s crazy, but it’s much quieter here than compared to like TikTok. Regardless, I see your comment here!
Since you brought up excuses to not enter the stock market what do you think of Nobel Laureate William Sharpe's 2018 article "The Arithmetic of Active Management"?
Sharpe implies that active management is a zero sum game (negative sum after trading fees) and therefore sub-average and average investors will always underperform the market.
I came across this as part of a recent article that posits that since most institutional investors now use AI, AI no longer gives you an edge. But the other implication is that if you *don't* use AI, then you might be in the bottom half that Sharpe referred to and will have trouble beating the market.
How this ties in to excuses to not enter the stock market - it's more of an argument for passive investment ie. Warren Buffet's 10 year experiment of just buying VOO and doing nothing.
(Note: I'm in the active management camp - that's why I'm here. I've tried the Warren Buffet approach with modifications but it's still cyclical and there may be a few years you lose your pants which is really rough when you need to pay the bills.)
Did you mean for long term, short term, penny stocks, and shorts to all be the same tickers in your image above?
It was example only. I have the actual tickets per screener in the website.
Hi for Australia and thanks. Per my email i cant read other comments and not sure my posts work either. Gotta love substack
Hi Jason, saw your email. Have you tried reinstalling the app? I will say the desktop version is best. Also, sometimes I don’t get any comments on posts here. It’s crazy, but it’s much quieter here than compared to like TikTok. Regardless, I see your comment here!
Since you brought up excuses to not enter the stock market what do you think of Nobel Laureate William Sharpe's 2018 article "The Arithmetic of Active Management"?
https://www.tandfonline.com/doi/abs/10.2469/faj.v47.n1.7
Sharpe implies that active management is a zero sum game (negative sum after trading fees) and therefore sub-average and average investors will always underperform the market.
I came across this as part of a recent article that posits that since most institutional investors now use AI, AI no longer gives you an edge. But the other implication is that if you *don't* use AI, then you might be in the bottom half that Sharpe referred to and will have trouble beating the market.
https://www.marketwatch.com/story/how-hard-is-it-to-beat-the-market-consistently-even-ai-cant-do-it-c7df0b68
How this ties in to excuses to not enter the stock market - it's more of an argument for passive investment ie. Warren Buffet's 10 year experiment of just buying VOO and doing nothing.
(Note: I'm in the active management camp - that's why I'm here. I've tried the Warren Buffet approach with modifications but it's still cyclical and there may be a few years you lose your pants which is really rough when you need to pay the bills.)