The formula for guessing the market is: Make a swebsite where all traders register and truthfully say if they are going to buy or sell a particular thingy.. Its as simple as fucking your own ass hole running around a tree naked at the speed of lightning..
LTCM team:John Meriwether, the famed bond trader from Salomon Brothers, at its helm. Also on board were Nobel-prize winning economists Myron Scholes and Robert Merton, as well as David Mullins, a former vice-chairman of the Federal Reserve Board who had quit his job to become a partner at LTCM. These credentials convinced 80 founding investors to pony up the minimum investment of $10 million apiece, including Bear Sterns President James Cayne and his deputy.
I get your train of thought which is an interesting take with the lion example, but lions do not live beyond what they need to survive. If lions kill a gazelle after they had just killed and fed off of another one, they are enacting in greedy behavior. Greed is not as subjective as you may think. It is simply wanting more than what you have. I do agree with you that greed is not an emotion, but envy is and normally envy leads to greedy behavior.
Stock traders make money because of money management, cutting losses, and letting winners run, even pyramiding their winners, that's all, no mystery, no anything.
u guys are so stupid, ur chatting shit when obviously 99% of you only know about this subject what you got from this documentary. all these reasons ur giving, like ''what if everyone takes his money to pay bills'', are exactly what make stock prices random in our view
This comment has received too many negative votesshow
unfortunately some of this isn't true at all, you would think the makers would have done some research, traders already knew how to price options as they have been around since the 19th century and a recent paper has shown that options were priced MORE accurately before black and scholes invented their useless pricing model...human intuition always triumphs over mathematical obscurity.
you do not need a reference. Markets are run by fear or greed, not by a formula of numbers. If one day everyone decided to take money out of the markets to pay some bills, no math formula can predict that, let alone a human reaction to a situation.
"a recent paper has shown that options were priced MORE accurately before black and scholes invented their useless pricing model" that need reference. Models are just a simplification of the reality but that doesn't mean they are not helpful and better thank having nothing. People need to start understanding this before start blaming models.
@talebi818 This "Market is run by greed" nonsense. People are always looking to improve on their wellbeing. Is that "greed"? Nonetheless, 80% of all trades are automated by machines. Computers don't trade on "fear".
@alique087 having more than what you already has is called greed. "People are alway looking to IMPROVE on THEIR WELLBEING." that is a very good definition of greed. Greed is having an excess of what you already have. Look for a dictionary definition of greed before you come in here and look uneducated. Did you trade the Flash Crash this past May? I doubt you did not so I doubt you know how HFTs work.
@talebi818 "Having in excess" is simply subject to the whim of people's opinions. Simply because Johny is investing in the stock market does not imply "greed".
@talebi818 talebi818 You just gave two different definition of "greed" in your reply. Is "greed" simply trying to improve on one's own wellbeing? Or is it "having excess of what you already have"?
"Excess" is subjective. Who determines how much is "excess"? One can argue that once you make over 50k, you're making in excess. If someone is trying to earn more money, objectively, greed does not exist. Investing in stocks is not inherently greedy; similarly delivering mail for a salary is not.
Having more than what you have regardless if you are a millionaire or homeless is inherently greed. Improving your own wellbeing may not seem greedy but to others who dont have as much as you they take it as greed. Investing isnt greedy, but when you have money and try to expand it, that is essentially greed at work.
i dont know how many other ways to put it.
Improving your own well being is being selfish
selfishness and greed are symbiotic emotions. They are connected
@talebi818 What you just described above is not greed. People are not greedy simply for going to work or trying improving on their wellbeing. You're just perverting the definition.
The definition of "excess" is wanting "more than is necessary". That is by itself subjective and thus objectively unmeasurable. However, what you described above is a natural state of life: maximizing pleasure, minimize pain. Greed does not apply here. Biologist don't call lions greedy for killing a gazelle.
@highon74 Greed is not an emotion dude. If there are 10 cakes for 3 people and I eat 8 of them, I didn't feel the emotion greed because there is no such emotion called greed.
Wiki the word emotion. There's a list of them on the right to help you out.
@highon74 You are seriously still going on? Don't paste part of the quote to take it out of context. "As a secular psychological concept, greed is an inordinate desire to acquire or possess more than one needs or deserves".
Emotions are instinctual; most of which are automatic responses. Greed, on the other hand, is simple someones subjective opinion of someone else. Nothing more. Just wiki the word emotion and it list them all on the right.
sure I'm still going.. you never expounded on what you meant. You never gave an example.
How can greed be a "subjective opinion of someone else.".. yet... according to Wiki it's a "...inordinate desire to acquire or possess more than one needs or deserves"
you can't just spit out ideology without backing things up and giving examples. It seems you think your a psychologist. Well... back your claims up with your 'scientific' proof then.
@highon74 Holy shit you're not smart. "More more than one needs or deserves" is a statement of subjectivity. There is nothing in the universe which says someone "deserves" such and such amount of what ever it is they are trying to acquire. It is purely based on one's own personal opinion. It is not an emotion.
Right.. feelings are subjective. You stupid asshole.
Also.. I got a 3.9 in college presently.. mostly A's as A-'s are only, "A's with shit-stains next to them".. when I was little I was one of two kids in our whole city to score a 100 in math, 100 in reading and 87 in science (because a lot of that scientific shit is annoying) on the old school MEAP tests.. not bad.
Do stupid people blaze out A's and perfect score's while barely studying?
also.. the reason that I have written you and picked at you as many times as I have is because I suspected you were one of these assholes who likes to spout off stuff and 'correct' others whereby attempting to feel better about oneself via illusions that your.. "smarter than". One of my good friends is like that.. he's SUPER smart.. but he can't feed his kid. Are you one of these super smart people? lol.. I have a feeling you just may be..
one's own opinion and those thought processes are tied to emotions. Thoughts = emotions (MANY times.. not always).
So.. the process of one thinking that "I need to get more than I deserve".. is not going to be a thought devoid of feeling..
in fact, it is going to be a very JUICED feeling tied to it. In fact it should be a mixture of feelings. And greed would be one of them. Take your psycho-babble & text-book clarifications and shove them up your mothers cunt.
Holy Shit you ARE like my dumb-ass 'REALLY-really-REALLY' smart friend that cant feed his kid!!!
the fact that you don't see emotion tied to what a person would experience while having the experience of thinking "I need more than one needs or deserves".. is cold & scientific and stupid.
@highon74 I post you those first two sites so that you can continue your ridiculous arguments there. It's obvious you don't like to be proven wrong and will continue to spew nonsense.
this is copied and pasted from my old psychology teacher in college that is currently finishing his PhD.. "Whether or not greed is an emotion depends on which side of the coin you're looking at. He's right to say that it's not if he believes that it's a bunch of things. For those people who think that way, then greed is certainly not an emotion. I myself believe that it is. Greed is likea passion. A passion is an emotion."
Note in the copy & paste that he said that you are right IF you think its a combination of emotions (which is the analogy I gave about green and blue/yellow).. but you can't take that 'out'.. you disagreed with that too..
Are you the guy that does all that dumb posting on Yahoo Answers? Do you know how many times I have seen wack ass financial (this is what I do) information on there? Stuff that is so blatantly not true and all that.
Nassim Taleb destroys Scholes
qwertypluss 6 months ago 2
The formula for guessing the market is: Make a swebsite where all traders register and truthfully say if they are going to buy or sell a particular thingy.. Its as simple as fucking your own ass hole running around a tree naked at the speed of lightning..
rbehani777 8 months ago
LTCM team:John Meriwether, the famed bond trader from Salomon Brothers, at its helm. Also on board were Nobel-prize winning economists Myron Scholes and Robert Merton, as well as David Mullins, a former vice-chairman of the Federal Reserve Board who had quit his job to become a partner at LTCM. These credentials convinced 80 founding investors to pony up the minimum investment of $10 million apiece, including Bear Sterns President James Cayne and his deputy.
examinfo 1 year ago
Bunch of idiots that don't know what they're talking about!! And ppl pay them huge money for their work!! Alphanumeric!
yjfoo23 1 year ago
I get your train of thought which is an interesting take with the lion example, but lions do not live beyond what they need to survive. If lions kill a gazelle after they had just killed and fed off of another one, they are enacting in greedy behavior. Greed is not as subjective as you may think. It is simply wanting more than what you have. I do agree with you that greed is not an emotion, but envy is and normally envy leads to greedy behavior.
talebi818 1 year ago
Stock traders make money because of money management, cutting losses, and letting winners run, even pyramiding their winners, that's all, no mystery, no anything.
MPTPGV 1 year ago
If you wanna see Part 4 go to my Channel. I just uploaded the whole film...
mallen235 1 year ago
u guys are so stupid, ur chatting shit when obviously 99% of you only know about this subject what you got from this documentary. all these reasons ur giving, like ''what if everyone takes his money to pay bills'', are exactly what make stock prices random in our view
ahmadshark 1 year ago
@ahmadshark that is exaclty my point, prices move randomly. No math formula or computer can predict sudden human reaction ie pay their bills, etc.
talebi818 1 year ago
This comment has received too many negative votes show
unfortunately some of this isn't true at all, you would think the makers would have done some research, traders already knew how to price options as they have been around since the 19th century and a recent paper has shown that options were priced MORE accurately before black and scholes invented their useless pricing model...human intuition always triumphs over mathematical obscurity.
cr6196 2 years ago
Reference? otherwise your statement has no value
pecusio 2 years ago 4
you do not need a reference. Markets are run by fear or greed, not by a formula of numbers. If one day everyone decided to take money out of the markets to pay some bills, no math formula can predict that, let alone a human reaction to a situation.
talebi818 2 years ago
"a recent paper has shown that options were priced MORE accurately before black and scholes invented their useless pricing model" that need reference. Models are just a simplification of the reality but that doesn't mean they are not helpful and better thank having nothing. People need to start understanding this before start blaming models.
pecusio 2 years ago
not blaming any models. When you throw a variable into the market, things get volatile because HUMAN EMOTIONS react to the variable.
talebi818 2 years ago
"you do not need a reference"
we got a moron here
bearstearn3 2 years ago
Can you supply a reference that can predict price movements in markets?
Thanks
talebi818 2 years ago
@talebi818 Just stop, please.
alique087 1 year ago
@alique087
what?
talebi818 1 year ago
Comment removed
alique087 1 year ago
@talebi818 This "Market is run by greed" nonsense. People are always looking to improve on their wellbeing. Is that "greed"? Nonetheless, 80% of all trades are automated by machines. Computers don't trade on "fear".
alique087 1 year ago
@alique087 having more than what you already has is called greed. "People are alway looking to IMPROVE on THEIR WELLBEING." that is a very good definition of greed. Greed is having an excess of what you already have. Look for a dictionary definition of greed before you come in here and look uneducated. Did you trade the Flash Crash this past May? I doubt you did not so I doubt you know how HFTs work.
talebi818 1 year ago
Comment removed
alique087 1 year ago
@talebi818 "Having in excess" is simply subject to the whim of people's opinions. Simply because Johny is investing in the stock market does not imply "greed".
alique087 1 year ago
@talebi818 talebi818 You just gave two different definition of "greed" in your reply. Is "greed" simply trying to improve on one's own wellbeing? Or is it "having excess of what you already have"?
"Excess" is subjective. Who determines how much is "excess"? One can argue that once you make over 50k, you're making in excess. If someone is trying to earn more money, objectively, greed does not exist. Investing in stocks is not inherently greedy; similarly delivering mail for a salary is not.
alique087 1 year ago
Having more than what you have regardless if you are a millionaire or homeless is inherently greed. Improving your own wellbeing may not seem greedy but to others who dont have as much as you they take it as greed. Investing isnt greedy, but when you have money and try to expand it, that is essentially greed at work.
i dont know how many other ways to put it.
Improving your own well being is being selfish
selfishness and greed are symbiotic emotions. They are connected
talebi818 1 year ago
@talebi818 What you just described above is not greed. People are not greedy simply for going to work or trying improving on their wellbeing. You're just perverting the definition.
The definition of "excess" is wanting "more than is necessary". That is by itself subjective and thus objectively unmeasurable. However, what you described above is a natural state of life: maximizing pleasure, minimize pain. Greed does not apply here. Biologist don't call lions greedy for killing a gazelle.
alique087 1 year ago
@talebi818 Also, greed is NOT an emotion.
alique087 1 year ago
@alique087
greed is not an emotion?
are you serious?.. you don't 'feel' greed?
you sure do
highon74 1 year ago
@highon74 Greed is not considered an emotion in of itself. It's actually a combination of different emotions.
alique087 1 year ago
@alique087
ok. and what emotions make up that combination?
You are wrong by the way.
highon74 1 year ago
@
says who? and what combination of emotions is that?
that is like saying green is not a color.. because it is a combination of blue and yellow.
That is absolute non-senssical, probably over-academic, bullshit
highon74 1 year ago
Comment removed
muman212 1 year ago
@highon74 Greed is not an emotion dude. If there are 10 cakes for 3 people and I eat 8 of them, I didn't feel the emotion greed because there is no such emotion called greed.
Wiki the word emotion. There's a list of them on the right to help you out.
alique087 1 year ago
@alique087
again.. saying greed is not an emotion is the same as saying that green is not a color because it is a combination of blue & yellow.
and I don't need wiki to tell me how I feel and what I think. I think for myself and I always have.
highon74 1 year ago
"....greed is an inordinate desire"
a desire is not an emotion? That qoute is taken from Wiki.. 2nd sentence i think.
Also.. you never answered what combination of emotions Greed is..
you should do that instead of just telling everyone that it is not an emotion.
highon74 1 year ago
@highon74 You are seriously still going on? Don't paste part of the quote to take it out of context. "As a secular psychological concept, greed is an inordinate desire to acquire or possess more than one needs or deserves".
Emotions are instinctual; most of which are automatic responses. Greed, on the other hand, is simple someones subjective opinion of someone else. Nothing more. Just wiki the word emotion and it list them all on the right.
alique087 1 year ago
@alique087
sure I'm still going.. you never expounded on what you meant. You never gave an example.
How can greed be a "subjective opinion of someone else.".. yet... according to Wiki it's a "...inordinate desire to acquire or possess more than one needs or deserves"
you can't just spit out ideology without backing things up and giving examples. It seems you think your a psychologist. Well... back your claims up with your 'scientific' proof then.
I still think your splitting hairs
highon74 1 year ago
@highon74 Holy shit you're not smart. "More more than one needs or deserves" is a statement of subjectivity. There is nothing in the universe which says someone "deserves" such and such amount of what ever it is they are trying to acquire. It is purely based on one's own personal opinion. It is not an emotion.
alique087 1 year ago
@alique087
Right.. feelings are subjective. You stupid asshole.
Also.. I got a 3.9 in college presently.. mostly A's as A-'s are only, "A's with shit-stains next to them".. when I was little I was one of two kids in our whole city to score a 100 in math, 100 in reading and 87 in science (because a lot of that scientific shit is annoying) on the old school MEAP tests.. not bad.
Do stupid people blaze out A's and perfect score's while barely studying?
highon74 1 year ago
also.. the reason that I have written you and picked at you as many times as I have is because I suspected you were one of these assholes who likes to spout off stuff and 'correct' others whereby attempting to feel better about oneself via illusions that your.. "smarter than". One of my good friends is like that.. he's SUPER smart.. but he can't feed his kid. Are you one of these super smart people? lol.. I have a feeling you just may be..
highon74 1 year ago
@alique087
one's own opinion and those thought processes are tied to emotions. Thoughts = emotions (MANY times.. not always).
So.. the process of one thinking that "I need to get more than I deserve".. is not going to be a thought devoid of feeling..
in fact, it is going to be a very JUICED feeling tied to it. In fact it should be a mixture of feelings. And greed would be one of them. Take your psycho-babble & text-book clarifications and shove them up your mothers cunt.
highon74 1 year ago
Holy Shit you ARE like my dumb-ass 'REALLY-really-REALLY' smart friend that cant feed his kid!!!
the fact that you don't see emotion tied to what a person would experience while having the experience of thinking "I need more than one needs or deserves".. is cold & scientific and stupid.
highon74 1 year ago
Comment removed
alique087 1 year ago
@highon74 answers(dot)yahoo.com/question/index?qid=20100726162707AAbfGg1
scienceforums(dot)com/topic/21903-greed-is-a-character-trait-not-an-emotion/
alique087 1 year ago
@highon74 en.wikipedia(dot)org/wiki/Emotion
List of emotions are on the lower right side.
alique087 1 year ago
@alique087
"answers @ yahoo and wiki links are your sources? lol.. your fucking stupid.
I have seen the WACKEST shit on Answers inparticular..
For Wiki.. we in college are NEVER allowed to use that site for references.. you get laughed at for that and your paper won't be accepted.
did your ancestors go around telling people the world was flat too? lol. chump
highon74 1 year ago
@highon74 I post you those first two sites so that you can continue your ridiculous arguments there. It's obvious you don't like to be proven wrong and will continue to spew nonsense.
alique087 1 year ago
@alique087
no. you post that because you were trying to prove your point. You post that because that was (is) your arguments proof..
go warm up some milk and take a nap chump... stop trying to explain yourself..
If someone trys to make a lot of money and they steal.. if they are not feeling greedy.. then what are they feeling?
if you ask any 'normal' person if greed if you feel greed.. they will say yes.
Your a fucking dumbass...
go play on yahoo answers.. you fool
highon74 1 year ago
@alique087
this is copied and pasted from my old psychology teacher in college that is currently finishing his PhD.. "Whether or not greed is an emotion depends on which side of the coin you're looking at. He's right to say that it's not if he believes that it's a bunch of things. For those people who think that way, then greed is certainly not an emotion. I myself believe that it is. Greed is likea passion. A passion is an emotion."
I know it's not Yahoo Answers or Wiki.. but still
highon74 1 year ago
Note in the copy & paste that he said that you are right IF you think its a combination of emotions (which is the analogy I gave about green and blue/yellow).. but you can't take that 'out'.. you disagreed with that too..
Are you the guy that does all that dumb posting on Yahoo Answers? Do you know how many times I have seen wack ass financial (this is what I do) information on there? Stuff that is so blatantly not true and all that.
Fucking STUPID people read & believe Answers
highon74 1 year ago
#3.. he actually didn't say "a combination of emotions".. he said, "a combination of things"..
I am going to assume that he meant a the former. You.. think its not an emotion at all. Which is why.. lol.. you are wrong.
Its ok though... now you have learned that your information is faulty.. and before you start posting on Answers again... you can get your fuel fixed.
good day chump-dump
highon74 1 year ago