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.
Strategies & Market Trends : Quantum Economics.......2012 and Beyond

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: dvdw© who wrote (48)6/14/2012 9:42:27 PM
From: gpowell  Read Replies (1) of 1311
 
Damn. Great post, gp. Six years ago, right around the point I realized that 99.5% of private investors have no idea what they're doing. And worse, they don't know they don't know. The Dunning-Kruger Effect has always been the dominate feature of SI. I wasn't surprised by the study released a few years ago that showed message board participants generally do worse in investing than the average - mainly because they suffer from confirmation bias.

BTW, the information content in that post is immediately recognizable by any serious graduate student in economics, but is probably unintelligible to most on SI. The main point of it was to put the Money Flow concept into terms Hussman should have understood, but unfortunately, his reply to me months later showed he never really got it. Not sure what to think about that guy.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext