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.
Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: BGR who wrote (55056)4/7/1999 6:10:00 PM
From: Mama Bear  Read Replies (1) | Respond to of 132070
 
"Mark everything to market at the end of the day for a true analysis of pure short-term trading and you will see what I am saying."

The flaw in that perception is that I can't spend mark to market, and neither can you. Also, we can't deduct unrealized losses. <g> Since the market is made up of long and short term traders, it is how it is, not something I decided.

"What I posit is that it is a mathematical certainty that all traders cannot be above average."

OK, I can't argue with that. I thought you said it was impossible to predict short term fluctuations with any consistency.

Barb



To: BGR who wrote (55056)4/7/1999 9:27:00 PM
From: J.Y. Wang  Read Replies (1) | Respond to of 132070
 
> I never dispute that some traders are above average. What I posit is > that it is a
> mathematical certainty that all traders cannot be above > average.

It's not mathmatical -- it's by definition, all traders cannot be above average.