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- 21 April 2014
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What it will prove is that, in the long term, the market is a weighing machine.
12 months is hardly long term though.
Whatever.
There is only so long the market can remain irrational.
Not attributing it to Keynes, like everyone else does (http://blogs.wsj.com/marketbeat/2011/02/11/keynes-he-didnt-say-half-of-what-he-said-or-did-he/)“The market can remain irrational longer than you can remain solvent”
haha are you the only person on the planet which does not know the following iron law of the markets?
Not attributing it to Keynes, like everyone else does (http://blogs.wsj.com/marketbeat/2011/02/11/keynes-he-didnt-say-half-of-what-he-said-or-did-he/)
Thanks for enlightening me. Sometimes the odds of a bet are just so good I can't help myself.
Doubt you can scrape
up a couple of grand.
A bet has been placed in which a 1:1 payout has been agreed for a wager which is about 2/3rs likelihood of closing in Duck's favour.
That's interesting for quite a few reasons.
Quite right. I am utterly broke.
In all fairness, the wager amount should be an equal percentage of each person's net worth.
So please, can Tech/a and Rainman present to Joe by next Monday, audited financial statements and asset valuations by a Big 4 accounting firm, as of 30 Sept 2015.
I suggest the wager amount be set at 2% of net worth of each individual.
In all fairness, the wager amount should be an equal percentage of each person's net worth.
So please, can Tech/a and Rainman present to Joe by next Monday, audited financial statements and asset valuations by a Big 4 accounting firm, as of 30 Sept 2015.
I suggest the wager amount be set at 2% of net worth of each individual.
1 year is long term now?
I better adjust my models!
The way I have termed timeframes (based on testing about a hojillion trading strategies):
* Intraday
* Short term (<21 days)
* Medium term (<252 days)
* Long term > 504 days. I actually have a propensity to think valuations are most effective at >=5y region. GMO Capital bases their forecasts for 7y, Hussman and most others for 10y. Strong evidence for timeframes greater than that as well. I only say 2y as the minimum because of the old Graham exit rule of "exit at 50% profit or after 2y".
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