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Hamster beats out Buffett and S&P
09-27-2021, 06:45 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Mar 2012
Posts: 3,931
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Hamster beats out Buffett and S&P
A Crypto-Trading Hamster Performs Better Than Warren Buffett And The S&P 500
https://www.npr.org/2021/09/25/10406...buffet-s-p-500
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09-27-2021, 06:56 AM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,370
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Now if crypto were only a legitimate investment category...
way back when the same could have been said of tulips.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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09-27-2021, 09:00 AM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,263
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Hamsters today. Interesting.
Wasn't it darts a decade or so ago? Forbes magazine employees would throw darts at the newspaper stock market tables (remember those, published after every trading day?) and make hypothetical bets on the stocks the darts hit. Usually they did better than the 'experts', managed funds, advisors, etc. And you don't have to feed and clean up after darts.
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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09-27-2021, 11:30 AM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2011
Posts: 8,418
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About 30 or 35 years ago my brother came to me with some money (about $30K) he received from a closed out 401K. He asked where he should put it.
Back then, I had no idea what I was doing in any-way-shape-or-form but I more or less 'threw a dart' on Fido's Magellan Fund mostly because the name sounded nice.
Let's just say he's done quite nicely.
I am a hamster!
__________________
Living well is the best revenge!
Retired @ 52 in 2005
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09-27-2021, 11:47 AM
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#5
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jun 2008
Posts: 13,146
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Saw a mention of Mr. Goxx the hampster on the morning news.
But the question is can he beat the blindfolded chimps throwing darts? 
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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09-27-2021, 04:39 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Dec 2014
Location: St. Charles
Posts: 3,919
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 And a broken clock is right twice a day.
__________________
If your not living on the edge, you're taking up too much space.
Never slow down, never grow old!
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09-28-2021, 08:27 AM
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#7
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Give me a museum and I'll fill it. (Picasso)
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Join Date: May 2006
Location: west coast, hi there!
Posts: 8,809
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 Quote:
Originally Posted by pb4uski
Now if crypto were only a legitimate investment category...
way back when the same could have been said of tulips.
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Nah, hamsters would eat the tulips. 
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09-30-2021, 12:01 PM
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#8
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Full time employment: Posting here.
Join Date: Dec 2016
Posts: 572
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Not hard to do in this market. Lots of things are beating BH these days.
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09-30-2021, 02:02 PM
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#9
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,263
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Quote:
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What if we told you there was a hamster who has been trading cryptocurrencies since June — and recently was doing better than Warren Buffett and the S&P 500?
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Let's see that was three months ago. The last time I checked Mr. Buffett was a very long term investor, as in years, maybe decades.
Comparing the hamster's three month's performance to Mr. Buffett's long term record is sort of like a person running the 100 meter dash saying he beat the marathon runner to 100 meters. It may be true, but they are running different races.
No wonder modern journalism is found wanting by so many people.
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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09-30-2021, 02:15 PM
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#10
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Nov 2016
Posts: 9,521
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Quote:
Originally Posted by CardsFan
:facepalm:And a broken clock is right twice a day.
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LOL! I love that!!
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09-30-2021, 03:11 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Dec 2014
Location: St. Charles
Posts: 3,919
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Quote:
Originally Posted by Chuckanut
Let's see that was three months ago. The last time I checked Mr. Buffett was a very long term investor, as in years, maybe decades.
Comparing the hamster's three month's performance to Mr. Buffett's long term record is sort of like a person running the 100 meter dash saying he beat the marathon runner to 100 meters. It may be true, but they are running different races.
No wonder modern journalism is found wanting by so many people.
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Perfect analogy!
__________________
If your not living on the edge, you're taking up too much space.
Never slow down, never grow old!
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09-30-2021, 03:33 PM
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#12
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,891
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Quote:
Originally Posted by Chuckanut
Let's see that was three months ago. The last time I checked Mr. Buffett was a very long term investor, as in years, maybe decades.
Comparing the hamster's three month's performance to Mr. Buffett's long term record is sort of like a person running the 100 meter dash saying he beat the marathon runner to 100 meters. It may be true, but they are running different races.
No wonder modern journalism is found wanting by so many people.
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In addition, if the hamster failed, we'd never hear about it.
This 'story' is about the equivalent of a headline "Man flips coin, it comes up heads!" Film at 11:00!
-ERD50
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