SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Claire's Stores (CLE) NYSE
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Chuzzlewit who wrote (477)12/8/1997 1:42:00 AM
From: Brad Bolen  Read Replies (2) of 619
 
PAUL,

I apologize for refering to Random Walk as a theory. I suppose I should refer to it as you do.

You are right. I should be more precise when I spoke of averages because, as your rightly state, the vast majority of funds do not beat the averages--that is the S&P etc.-- due to expenses. But I think my fundamental question still applies: that is, many managers/investors do much better than others, and it is still a puzzle to me as to whether this may memic the distribution of intelligence of the investors themselves, or it is just luck. Though statically speaking I tend to lean in your direction on this, I am objective enough to feel that the cards are not all in yet. I have sure made alot of money playing those self fufilling prophecies Chris spoke about.

I assume you invest. DO you really throw darts?..given your statement that neither FA or TA is predictive. What brings you to the Claires Board? Perhaps stocks just always go up.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News