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The XKCD stock picking strategy
Old 02-20-2020, 09:40 AM   #1
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The XKCD stock picking strategy




For the above--

Image link:
https://imgs.xkcd.com/comics/picking_bad_stocks.png


Permanent link:
https://xkcd.com/2270/
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Old 02-20-2020, 09:45 AM   #2
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Well, Fidelity's Contrafund used to do exactly this. I don't think they do anymore.
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Old 02-20-2020, 09:47 AM   #3
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Many many years ago I saw that for many, if not most individual stocks, the 52-week high was at least double the the 52-week low. That didn't tell me which came first: The 52-week low or the 52-week high. But it did tell me that if I picked some of the right stocks, then it should be easy to double my money every year.
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Old 02-20-2020, 09:57 AM   #4
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My son sent this to me yesterday, LOL. (Comp Sci major at the university)
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Old 02-22-2020, 03:01 PM   #5
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Quote:
Originally Posted by CDRE View Post
Hey, when was that published?

From my post, over two years ago (but not as funny, and no stick-man/woman illustration.):


01-20-2018, 12:22 PM

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Originally Posted by ERD50 View Post
Nothing is like it is "supposed to be". At this point in the game, the trader's (and non-traders who didn't buy the index), should be expected to have normal distribution around the market (or our proxy, "nunnun"). But there is a bias to the downside.

The downside bias is interesting. In theory, it seems it should be just as hard (or easy?) to pick losers as it is winners. I don't think trading expenses account for the delta, they seem pretty low relative to a $1M portfolio. I just find it curious that so many are doing so bad, rather than just average

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