3 Stocks I Saw on T...
posted by mock portfolio on 1 months ago
Hey, magician. Quick question: i remember you saying you worked with Bill Gross. Then I
remember you saying that you teach at UC Irvine. You're name, by any chance, isn't Ed
Thorp, is it?
If so, what should I read to increase my understanding of "wagering"? In regards to
investing?
Thanks.
posted by magician on 1 months ago
If you're suggesting that, for example, my conclusion that the "low-risk, high-return"
portfolio is, in fact, fairly high-risk is inaccurate, state your case; I've stated mine
and you've done nothing to refute it.
As for my having chosen four mutual funds: perhaps there are reasons for that which you
haven't considered.
What's interesting is how you can be sure of something that isn't true: my portfolio's
growing at about 30% per year.
posted by ssbr on 1 months ago
Because of the numb-skull remarks I've seen you post (particularly in regards to Joel
Greenblatt's portfolio and the low-risk, high-return portfolio, I felt a comment was
warranted. I understand that you're big on historical price fluctuations and reading
charts but, frankly, that just seems to be a bunch of nonsense. How would you go about
purchasing a private business with no price history?
It is interesting that you have chose 4 highly-diversified mutual funds for your
portfolio. That should be a sure-shot to mediocre performance. After subtracting the
effects of fees and expenses, I'm sure your portfolio will underperform the broad market
indices. Risk, I suppose, is in the eye of the beholder.
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