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A comment on Trading Is Hazardous to Your Wealth [pdf] (2000). Parent comment

Re:Trading Is Hazardous to Your Wealth [pdf] (2000) by alasdair_ on Thursday May 14, 2020 @04:29PM (#23184969)
>not understanding that there is a huge difference between expected value and ergodic properties

Can you expand on this? Are you claiming that the stock market is ergodic, or that it is not?

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Re:Trading Is Hazardous to Your Wealth [pdf] (2000) by TrinaryWorksToo on Thursday May 14, 2020 @05:20PM (#23185638)
Read Nassim Taleb's essays.

https://medium.com/incerto/the-logic-of-risk-taking-107bf410...

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Re:Trading Is Hazardous to Your Wealth [pdf] (2000) by H8crilA on Thursday May 14, 2020 @05:11PM (#23185511)
This applies much mote to actors within a securities market (both investors and issuers), not necessarily to this or that market itself. Most people's behavior is non ergodic.

Though I suppose even if you broaden "the market" even to all of civilization - it is also non-ergodic, at least since nukes and hydrogen bombs were created.

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