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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: aptus who wrote (14523)	1/22/2001 11:20:43 PM
From: LemonHead	Read Replies (2) \| Respond to of 18928

Hi Mark, great post!!! Of course the ultimate AIM teacher is experience managing real money for many years. But no software can currently give you that. Amen, but I agree to disagree, great tools make a good job, rewarding.,, Now, could you fine gentlemen please respond to the current survey so that we may discuss the finer points & also the dull points of "The Art of AIM", in person! TIA Keith@stats.org

To: aptus who wrote (14523)	1/23/2001 7:48:49 AM
From: matvest	Read Replies (1) \| Respond to of 18928

Hi Mark, Thanks for your question. One of the things I really have grown to appreciate about you is both your prompt response to questions and your openness to considering new ideas. You asked why I think that Newport may be easier to learn AIM with than AI. I guess my answer is best summed up in another statement you made in your post: "Going back to learning, I firmly believe that you can maximize your AIM knowledge by studying the AI historical reports and seeing how a change in certain variables and combinations of variables affect the Portfolio Control and the outcome. I agree that manually entering data and observing the outcome is a good way to start the learning process, but once you've been through that exercise a few times, automatic simulation results will increase your knowledge by leaps and bounds. And the fact you can do it quickly, reduces the time it takes to learn." I agree. And that is the short answer to your question - Newport forces you to do that. I actually had not thought about making manual entries into AI. I just did it the easy way. What I have found to be the hardest part of learning AIM is understanding the inner dynamics of the numbers. I agree that once one understands the dynamics of the math, that is, how changing one number effects the other numbers the automation is very helpful. I also agree with your philosophy that a user should have flexibility in how he uses the software. For example, the weekly update of Newport, or more accurately changing the date to Sunday regardless of the day of the week you enter the update is disturbing to my desire for accuracy of things like dates. That probably doesn't bother others as much as it does me. Anyway, that's a Newport issue and not one for AI. Back to the learning. One problem that trying to learn the math with any software is it is done in background and unless one is very analytical one may not grasp what is really happening. I think that's why actual use with real money is more meaningful. First you have money at stake and all of us pay more attention to what's happen and why when our money is on the line and second you have at least a day to think about what happened and to anticipate what's going to happen. But in simulations the advantage of Newport as a learning tool is that by being forced to do it slowly you have more time to absorb what is happening. A huge disadvantage to doing simulations in Newport is the way you have to reset the computer clock and do a full install in order to set up a new simulation. It's just too much trouble - much like the old DOS commands vs Windows. I think one reason Bernie is such a valuable tutor to people like me is his very complete understanding of AIM BTB and willingness to remind others of what Mr. L said and why he said it. I am pleased your going to work on the tutorials and am looking forward to the other changes in Version 2. I believe your really going to improve an already good product. Well, this got a little long winded. I can't believe I got this wound up and haven't even had my first cup of coffee! Take care and keep up the good work. Larry M