So, maybe a list of stocks, buy,buy,buy or sell,sell,sell for the next year, eh. See how badly the random walk is crippled.
This is certainly a non-obvious result. One thinks that massive computer statistical models for valuation and price prediction would be more accurate than these simple formulae. Who knows?
So, maybe a list of stocks, buy,buy,buy or sell,sell,sell for the next year, eh. See how badly the random walk is crippled.
This is certainly a non-obvious result. One thinks that massive computer statistical models for valuation and price prediction would be more accurate than these simple formulae. Who knows?