10-23-2020, 12:24 PM
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#95
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Registered User
Join Date: Feb 2009
Location: NY
Posts: 18,963
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Originally Posted by MPRanger
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My favorite lines from this editorial because of how TRUE these factual statements are:
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Well, Bill Benter figured out, if you can’t get insider knowledge you could at least incorporate it into your model. Wait, but didn’t we just say that Benter had no access to insider knowledge? How can he then incorporate it in his model?
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Therefore, Benter argues, only a combination of a model’s estimate with the one of the market provides a true measure for its quality.
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After all, Bill Benter has written it in 1995, more than 20 years ago. There has certainly been a myriad of much more sophisticated and advanced models written in the meantime, which could easily beat Bill Benter‘s model on the racetrack.
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