Why is Extrapolation so Dangerous for Investors?

Discussion in 'Share Investing Strategies, Theories & Education' started by Tropo, 16th Jun, 2020.

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  1. Tropo

    Tropo Well-Known Member

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    Tropo, 16th Jun, 2020
    #1
  2. Redwing

    Redwing Well-Known Member

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    Life is simpler by cartoon :D
     
    Redwing, 16th Jun, 2020
    #2
    thydzik, bashworth, inertia and 4 others like this.
  3. Tropo

    Tropo Well-Known Member

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    Tropo, 16th Jun, 2020
    #3
  4. willair

    willair Well-Known Member Premium Member

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    quote..
    Yet exploiting these trends is more about understanding the behaviour of other investors (the Keynesian beauty contest), than it is ‘knowing’ the fundamental drivers of market performance (past or future) or telling an accurate story.

    A bit like watching a chess game without knowing the rules..
     
    willair, 16th Jun, 2020
    #4