sorry couldn't resist.
Is 56 winners out of 64 total positions a good trading record?
- Thread starter mrmarket
- Start date
sorry couldn't resist.
You can only state your position, but you can't possibly disagree that it's spurious for him to claim, without any basis, that 678 people are not only all in agreement, but that they are all in agreement on one specific point. Well, you can, but without any basis to your argument as well
And FWIW, I've attempted several times to have a meaningful discourse with mm, but he avoids answering my questions now. Questions that I think are interesting, such as, if a position of his declines but he so strongly and adamantly believes it will return to its entry price plus 15%, a belief in his method which he states over and over again, then why does he not add to that position at the lower prices?
It seems to me someone with that much faith in holding losing positions, who terms those stocks as value plays, who repeatedly states publicly that his method selects stocks that will ultimately triumph, in fact, who states publicly that he knows better than the market how these things will turn out, would see that lower price as a great buying opportunity.
His inaction to obtain more shares of the alleged "value" stocks at reduced prices speaks louder than his words of faith regarding those worst positions.
But that same inaction is very consistent with a person who wouldn't throw good money after bad.
But that would strongly suggest that, contrary to his public statements, mm recognizes those losing positions as losers.
But if he sees them as losers, then why doesn't he admit it? Then why wouldn't he seek to reduce his losses?
You see, either way, there's something fishy about the meat and cheese man's method.
Because with wharton degree in hand, it is taught never to average down....just a rule for hugness...ok..
Besides the 678 people that support him, Hotornot has thousands voting him "hairy ape of the year"....
Besides what would qualify you to question a division one football player about his quanitative method?
To seriously answer one of your interesting observations is if he were to average down it might cause his diversification to be off balance. this could be one explanation...
But let hugeness answer this point, as I am only a humble jr. hugeness....but I am enourmous...
Michael B.
Besides the 678 people that support him, Hotornot has thousands voting him "hairy ape of the year"....
Besides what would qualify you to question a division one football player about his quanitative method?
To seriously answer one of your interesting observations is if he were to average down it might cause his diversification to be off balance. this could be one explanation...
But let hugeness answer this point, as I am only a humble jr. hugeness....but I am enourmous...
Michael B.
Quote from gms:
You can only state your position, but you can't possibly disagree that it's spurious for him to claim, without any basis, that 678 people are not only all in agreement, but that they are all in agreement on one specific point. Well, you can, but without any basis to your argument as well
Questions that I think are interesting, such as, if a position of his declines but he so strongly and adamantly believes it will return to its entry price plus 15%, a belief in his method which he states over and over again, then why does he not add to that position at the lower prices?
It seems to me someone with that much faith in holding losing positions, who terms those stocks as value plays, who repeatedly states publicly that his method selects stocks that will ultimately triumph, in fact, who states publicly that he knows better than the market how these things will turn out, would see that lower price as a great buying opportunity.
His inaction to obtain more shares of the alleged "value" stocks at reduced prices speaks louder than his words of faith regarding those worst positions.
But that same inaction is very consistent with a person who wouldn't throw good money after bad.
But that would strongly suggest that, contrary to his public statements, mm recognizes those losing positions as losers.
But if he sees them as losers, then why doesn't he admit it? Then why wouldn't he seek to reduce his losses?
You see, either way, there's something fishy about the meat and cheese man's method.
No, I'd say it's more like his actions belie his words. I didn't make any determination in the post about his being right or wrong. My observations of his actions/words led to a question with two probable answers, assuming we all live on the same planet, that appear to be in conflict. From that I drew another conclusion that something's up that escapes me; the whole picture is not being presented. mm can answer the questions posed to make any misunderstandings clear.
None of that has anything to do with him having to do anything I may deem as 'right' or 'wrong'.
MM: I think beating the market each and every year for the last 12 years is, in fact, maximizing my return.
Since every money manager on Wall Street would like to have this record, why do you think I am being sub-optimal?
Prove it.
Produce your trade record for the last 12 years.
Symbol, entry date, entry price, exit date, exit price.
Should be trivial. You have them all in a spreadsheet right?
You keep track dontcha?
peace
axeman
Since every money manager on Wall Street would like to have this record, why do you think I am being sub-optimal?
Prove it.
Produce your trade record for the last 12 years.
Symbol, entry date, entry price, exit date, exit price.
Should be trivial. You have them all in a spreadsheet right?
You keep track dontcha?
peace
axeman