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money [2020/04/09 12:58]
admin
money [2020/05/30 22:19] (current)
admin
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   * Plus the world improves more measurably as compared to "yeah I made a bunch of money! (off of other investors, which is a zero-sum game)"​. //Arguably though, investors help to some extent by somewhat efficiently allocating capital to profitable ventures//   * Plus the world improves more measurably as compared to "yeah I made a bunch of money! (off of other investors, which is a zero-sum game)"​. //Arguably though, investors help to some extent by somewhat efficiently allocating capital to profitable ventures//
   * //I need some more justification of this, but it feels right//   * //I need some more justification of this, but it feels right//
 +
 +
 +===== Breaking the Market =====
 +Fascinating series of posts.
 +
 +=== Investing Games ===
 +https://​breakingthemarket.com/​math-games/​
 +
 +By rolling ahead your bet, the odds start going against you! By making your bet size static or a static portion of your pot, you can keep the odds in your favor.
 +
 +Assumes that buy and hold in one stock is a coin flip every day, which obviously it isn't. However maybe it's similar?!
 +
 +^ Real Life ^ Coin Flip Game ^ Outcome ^
 +| Buy and Hold | Reinvest winnings each time | Losing game |
 +| Index Fund | Reinvest 1/N winnings across N stocks, is it rebalancing?​ | Maybe winning? |
 +| Traditional Portfolio | Rebalance winners and buy losers | Winning, barely |
 +| Trend Following | | |
 +| Best strategy | Fixed bet size, arithmetic! | But then your money would never grow... |
 +
  
 ===== Fidelity Auto Investment Pages ===== ===== Fidelity Auto Investment Pages =====
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 === Philosophical Economics === === Philosophical Economics ===
 +Written by Jesse Livermore: https://​twitter.com/​Jesse_Livermore
 +
 Great introduction into why index funds match the average actively invested dollar. TODO write summary for review and understanding. Great introduction into why index funds match the average actively invested dollar. TODO write summary for review and understanding.
  
money.1586462309.txt.gz · Last modified: 2020/04/09 12:58 by admin