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GameTheory
08-14-2005, 12:21 AM
Actually, "Decision-making for investors":

http://www.leggmasoncapmgmt.com/pdf/Decisionmakingforinvestors-r.pdf


This guy's got his head screwed on straight. All the essentials of investing in the stock market (or the pari-mutuel market) in only 16 pages. Good read.
Zaf
08-14-2005, 12:36 AM
Thanks for Posting GT.

ZAFONIC
lsbets
08-14-2005, 12:39 AM
Great article and dead on. Thanks for the link!
hdcper
08-14-2005, 01:47 AM
I agree, great read Game Theory!!

Bill
mcikey01
08-14-2005, 03:17 AM
Yup, Solid article, compact and cogent.....

Good thread...The reference material spoke for itself...

No need for posts that are bluster,bombast, bile or bilge
BillW
08-14-2005, 03:59 AM
That link is deserving of a rep point :ThmbUp:
sjk
08-14-2005, 09:41 AM
Good article. Confirms my point of view that computers have a huge advantage over people since the large number of biases discussed would not need to be overcome by the computer.
Tom
08-14-2005, 12:20 PM
That link is deserving of a rep point :ThmbUp:

And a reputation point as well!
Que
08-15-2005, 12:02 AM
Agreed. That's a great article... it also reconfirms my belief that horseracing is one of the most efficient markets ever devised--which is also why its so diificult to beat, especially given the high transaction costs. I think anyone doing a long-term study of actual vice expected win percentages would be amazed, for very large samples the difference is often within tens or hundreths of a percentage point, which is truly amazing considering all the potential factors that could be considered.