The Proof Is In That Hedge Funds Perform Poorly

[Meta Reign]

What did I do to warrant this? Did I insult you? Do you have a serious complaint with what I said? Are you an adult?

Just name to me some "inferior" products that the market chooses due to advertising. Also, tell how these products are in conflict with what the market and the people "need".

*waits patiently and bright-eyed with chin sitting on fists.*

 

[Meta Reign]

Human Behavior is irrational. For example think of Gold. Why is Gold a currency? What gives Gold value? Does it have any practical value to consumers outside of computers? Why is gold approximately 1600 dollars an ounce? Because people buy it because they believe it is a hedge against inflation. Is that an efficient way to price a commodity? Is the 1600 dollar price any indication as to the supply of gold? One of many inefficiencies is human behavior and cultural interactions with the market, its not the only one.

Son, I'm telling you people are truly of no good to the masses. It's ashame your line of thinking is so prevalent and so adored by pop culture. I don't even have the energy to argue logically with you guys on these boards anymore. I just like hurling insults now. It's silly, I admit, but there seems to be no getting through to you dumb fukks that you're destroying yourselves with these ideologies and general lines of thinking.

 

[Broke Wave]

Son, I'm telling you people are truly of no good to the masses. It's ashame your line of thinking is so prevalent and so adored by pop culture. I don't even have the energy to argue logically with you guys on these boards anymore. I just like hurling insults now. It's silly, I admit, but there seems to be no getting through to you dumb fukks that you're destroying yourselves with these ideologies and general lines of thinking.

get help , you sound mad

 

[ogc163]

Although I don't agree that advertising plays any part in inefficiencies and there are investors who make a good case as it relates to the price of gold being so high and going up, but at the end of the day EMH is bullshyt. There have been many critics of EMH over the years, but some of the best criticisms I've read have come out of the Behavioral Economics school of thought and the followers of the Graham-Dodd model.

 

[Broke Wave]

Although I don't agree that advertising plays any part in inefficiencies and there are investors who make a good case as it relates to the price of gold being so high and going up, but at the end of the day EMH is bullshyt. There have been many critics of EMH over the years, but some of the best criticisms I've read have come out of the Behavioral Economics school of thought and the followers of the Graham-Dodd model.

Advertising is a part of Behavioral Economics. It doesn't necessarily mean Sterling-Cooper is affecting stock prices, it just means that human behavior can be influenced and therefore influence the market.

 

[Dusty Bake Activate]

And here we have it, ladies and gentlemen. The logic of a pompus liberal, douchebag, know-nothing.

May I ask you, douche. Can you name a few of these so-called inferior products, and their douche-approved counter-products? I mean that shouldn't be hard for a smart, do-goodie liberal such as yourself, right?

fukk up Mega Lame. You got a newborn daughter and you still on the internet insulting everyone who doesn't agree with your Austrian economics/bullshyt conspiracy/paranoid personality disorder worldview. Did Larry Silverstein ever call you yet?

 

[zerozero]

Son, I'm telling you people are truly of no good to the masses. It's ashame your line of thinking is so prevalent and so adored by pop culture. I don't even have the energy to argue logically with you guys on these boards anymore. I just like hurling insults now. It's silly, I admit, but there seems to be no getting through to you dumb fukks that you're destroying yourselves with these ideologies and general lines of thinking.

breh it is a fact that human psychology doesn't work that way certain market theories suggest it does. we make completely irrational financial/economic decisions all the time.

I'd be amused by your rant but you sound exhausted and bitter so it's just sad. Just take a break for a few weeks maybe

 

[Meta Reign]

Although I don't agree that advertising plays any part in inefficiencies and there are investors who make a good case as it relates to the price of gold being so high and going up, but at the end of the day EMH is bullshyt. There have been many critics of EMH over the years, but some of the best criticisms I've read have come out of the Behavioral Economics school of thought and the followers of the Graham-Dodd model.

I've know for a while now that EMH is BS. I read stuff 2 years ago destroying it. The idea that "the market" is efficient or even suppose to be "efficient" is just not right IMO.

That said, none of this has to do with these type of folks and go around and feel like they can force people to not drink sodas over 16oz (Mike Bloomberg), because it's what "the market" "needs" or because soda is an "inferior" product (not assuming this is the line of thinking Broke Wave adheres to). This line of thinking is bad for many reasons.
The over politicizing of markets is just oh-so-wrong imo.

The quote in your sig, sums up what the market is suppose to be soooo well. It's suppose to be nothing more IMO.

 

[Broke Wave]

I've know for a while now that EMH is BS. I read stuff 2 years ago destroying it. The idea that "the market" is efficient or even suppose to be "efficient" is just not right IMO.

That said, none of this has to do with these type of folks and go around and feel like they can force people to not drink sodas over 16oz (Mike Bloomberg), because it's what the market needs or because soda is an "inferior" product. This line of thinking is bad for many reasons.

The quote in your sig, sums up what the market is suppose to be soooo well. It's suppose to be nothing more imo.

See you got me all mixed up. You're confusing what I said, which is essentially what you said in your first stanza, with what you think I said. You should have properly read what I said before you decided to insult me.

Where did you get that idea that I support the suppression of choice? I don't want to force people to do anything or buy anything, or even determine what is inferior or superior. I was simply pointing out the fallacy of market efficiency. Those "Power Balance" bracelets don't do shyt, but millions of people buy them because of their supposed health benefits. I don't want to ban the bracelets, but it doesn't mean I can't point out that they're worthless.

And Mike Bloomberg is an authoritarian Republican, how can you possibly relate that to me?

 

[Meta Reign]

See you got me all mixed up. You're confusing what I said, which is essentially what you said in your first stanza, with what you think I said. You should have properly read what I said before you decided to insult me.

Where did you get that idea that I support the suppression of choice? I don't want to force people to do anything or buy anything, or even determine what is inferior or superior. I was simply pointing out the fallacy of market efficiency. Those "Power Balance" bracelets don't do shyt, but millions of people buy them because of their supposed health benefits. I don't want to ban the bracelets, but it doesn't mean I can't point out that they're worthless.

And Mike Bloomberg is an authoritarian Republican, how can you possibly relate that to me?

I actually edited my posted a little before you wrote this. I wasn't assuming that you supported Bloombergish policies, and clarified that.

 

[Domingo Halliburton]

fukk up Mega Lame. You got a newborn daughter and you still on the internet insulting everyone who doesn't agree with your Austrian economics/bullshyt conspiracy/paranoid personality disorder worldview. Did Larry Silverstein ever call you yet?

austrian economists are the worst. They think they know everything, yet no one uses their theories.

 

[TLR Is Mental Poison]

That was a good article w/good branch off links

 

[Dusty Bake Activate]

austrian economists are the worst. They think they know everything, yet no one uses their theories.

Can't say I'm too studied up on Austrian economics. I know the basic gist of it. But I do know that people who ascribe to it generally seem to be annoying douches and VERY dogmatic from my experiences. They often act like it's gospel and the only true economic approach...which is ironic because it's largely untested. Meta Reign is one of those annoying dogmatic Austrian douchebags. And his response to Broke Wave in this thread is pretty typical of what I've read from a lot of Austrian stans around the net.

 

[Swirv]

so what are you investing in then smart guy?

What are you investing in?

 

[Domingo Halliburton]

What are you investing in?

I own Chevron, Visa, SeaDrill, McDonalds, Berkshire Hathaway, Apple, Devon energy, Greenlight Reinsurance, Bristol Myers.

Most of my money is in Vanguard and SPDR ETFs: SPDR S&P 500 (SPY), Vanguard REIT ETF (VNQ), Vanguard Bond Index (BND), Vanguard Total Stock Market (VTI), Vanguard High Dividend (VYM).

Just bought Sprint at 4 dollars on an extremely speculative buy which I usually don't do. The company has a terrible future too. But its worked out so far.

Every once in awhile Ill fukk with GLD shares, but fukk gold, it's too volatile. I also bought Freeport McMoran. But they make me nervous as they are a gold mining company.

Should of held on to my Expedia shares. I bought it at like 30 and sold around 45 because I thought it topped out.