hit counter


My development logbook

You Can Be Right for the Wrong Reasons...

You can be right for the wrong reasons or wrong for the right reasons, but to the market you’re just plain right or wrong. Compare this to the story of the teacher who asks if anyone in the class can name two pronouns. When no one volunteers, the teacher calls on Tommy who responds, “Who, me?” To the market, Tommy is right and therefore, despite being unlikely to get an A in English, he’s rich.

John Allen Paulos, in his book “Mathematician Plays The Stock Market”