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A comment on The Buffett Indicator. Parent comment

Re:The Buffett Indicator by ZephyrBlu on Sunday September 12, 2021 @10:54PM (#28507392)
9/5 is terrible accuracy.
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Re:The Buffett Indicator by dannyw on Monday September 13, 2021 @12:22AM (#28507830)
In the investment industry, 9/5 is excellent.
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Re:The Buffett Indicator by hdjjhhvvhga on Monday September 13, 2021 @05:06AM (#28509226)
How do you mean? Looks like an equivalent of a coin flip to me.
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Re:The Buffett Indicator by harimau777 on Monday September 13, 2021 @07:17AM (#28510045)
I'm not super knowledgeable in this area, but one possibility is that the "9 of the 5" only gives the number of times that it predicted that there would be a recession. There could be many more times that it accurately predicted that there would not be a recession.
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Re:The Buffett Indicator by 55555 on Monday September 13, 2021 @10:36PM (#28519543)
If you flipped a coin every day in order to determine whether or not a recession would start, you'd be wrong 99% of the time.
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Re:The Buffett Indicator by josephcsible on Monday September 13, 2021 @10:41PM (#28519573)
How do you figure? Wouldn't you be wrong 50% of the time?
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