83
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 17 Dec 2023
83 points (81.7% liked)
Technology
59205 readers
3071 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
It's not assuming he is making random picks. It's saying that the stock market is a random walk, which is just a fact. He is making picks based on a system, but if that system was actually proven to find underpriced stocks, everyone/enough people would also follow the same strategy and build that value into the price, removing whatever advantage he once had.
If he's successful because he's a "value" investor, why aren't all of the other "value" investors just as famous and successful? It's because the difference between two people doing the same thing, is luck.
Other people do. It’s not a get rich quick scheme, so it’s hard to beat 80 years in the market. He avoids a lot of stocks that do very well too. I’m not saying following every move he makes will make you rich, I’m saying his general advice and strategy works.