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A comment on What I Learned from Losing $200M (2015). Parent comment

Re:What I Learned from Losing $200M (2015) by pfisch on Thursday November 02, 2017 @05:47PM (#15614584)
The stock market is not random though. If you have a person who previously worked at the fda specializing in kidneys for example, having that person analyze which kidney drugs/devices they think will get approved is not luck.

People can have an informational advantage and use it to make intelligent trades.

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Re:What I Learned from Losing $200M (2015) by beiller on Friday November 03, 2017 @02:08AM (#15616994)
You would be right if the stock prices actually 1:1 tracked business success. The reality is that they do not. The are an approximation of future growth, and that adds a great deal of uncertainty, sometimes enough to even make your anecdote moot.
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