Quote:
Originally Posted by Herb9
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I hope you know the first 2 types of people listed here are WORLDS APART from the 3rd type of person you listed here.
Do you understand the drastic differences between the types of people who accumulate and invest their own capital versus the types of people who talk about investing other peoples capital in theory on paper and in classrooms?
Sorry but this is the point where I laugh you out of the conversation because we here in the real world don't go running to professors to ask how to run our business.
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I do, which emphasizes my point even more because these very different people all agree on semi-efficient capital markets. New information is integrated into the price of securities so quickly that no excess profits can be earned based on that or past information.
12-11-2012, 04:58 PM
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