Re: Investing

From: Eliezer S. Yudkowsky (
Date: Sat Jun 14 2003 - 16:32:32 MDT

  • Next message: Robert J. Bradbury: "Re: Investing"

    Olga Bourlin wrote:
    > What kind of evidence and how much evidence would you need? We can all
    > find statistical evidence for investors and traders in the stock market
    > - but that's not the point here. There *are* people who do well, so
    > they must be doing "something right."

    Does not follow. There are people who win the lottery; it doesn't mean
    that those people alone have discovered the secret pattern of winning
    numbers. It means that a lot of people tried, and a few succeeded, at the
    chance probability. Are there more investors who do well than chance
    would lead you to expect?

    Eliezer S. Yudkowsky                
    Research Fellow, Singularity Institute for Artificial Intelligence

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