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What is the average IQ/education level needed to be successful in stock market?
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Date: August 30th, 2015 3:33 AM Author: Twinkling puppy (http://www.autoadmit.com/thread.php?thread_id=2976408&forum_id=2#28653297) |
Date: August 30th, 2015 3:38 AM Author: Contagious rehab whatever iq is necessary to realize you know jack shit and vanguard exists for a reason (http://www.autoadmit.com/thread.php?thread_id=2976408&forum_id=2#28653312) |
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Date: August 30th, 2015 3:40 AM Author: Twinkling puppy wtf? do you even buy and trade bro? (http://www.autoadmit.com/thread.php?thread_id=2976408&forum_id=2#28653324) |
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Date: August 30th, 2015 10:22 PM Author: Contagious rehab (1999 e trade bro) (http://www.autoadmit.com/thread.php?thread_id=2976408&forum_id=2#28657870) |
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Date: September 1st, 2015 7:25 AM Author: Sadistic trailer park Hey, have you seen that new show South Park? It's pretty hilarious. All the best entertainment is on cable TV and it always will be, there will never be an alternative. (http://www.autoadmit.com/thread.php?thread_id=2976408&forum_id=2#28666488) |
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Date: September 1st, 2015 8:23 AM Author: Spectacular primrose location french chef TITCR. Ironically, this is an area where proles can have a big advantage over intelligent people. If someone assists them with piling their money into Vanguard and sets up an automatic contribution plan, then the best course of action is doing nothing, which is something proles excel at. A prole who doesn't pay attention to the market and figures it's all too complicated for him to understand anyway will significantly outperform the smart person who decides to try his hand at picking stocks. (http://www.autoadmit.com/thread.php?thread_id=2976408&forum_id=2#28666601) |
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Date: September 1st, 2015 8:57 AM Author: stirring rusted juggernaut wrinkle This is absolutely MFCR
Three well known results in economics come together here: 1. Risk diversification, Markowitz 2. Efficient markets hypothesis, Fama 3. Equity premium puzzle
1 means that you should buy the market, not individual stocks -- closest thing available to a free lunch 2 means you cannot beat the market and should not try, either for individual stocks or for the market as a whole 3 means that you should hold stocks long-term, no matter what
1-3 combined with not unnecessarily pissing away money on fees means TCR is always to:
Buy market ETFs from the lowest-fee providers
Hold them and hold them forever , only sell them when and as you need once you retire |
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Date: September 1st, 2015 9:08 AM Author: stirring rusted juggernaut wrinkle fuck my ass I just gave you all the best, and best-founded, financial advice of your lives. How much love? None. No fucking love. Fuck. (http://www.autoadmit.com/thread.php?thread_id=2976408&forum_id=2#28666679) |
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Date: September 1st, 2015 9:09 AM Author: Spectacular primrose location french chef You might want to give it more than 11 minutes, brother. (http://www.autoadmit.com/thread.php?thread_id=2976408&forum_id=2#28666685) |
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Date: September 1st, 2015 9:10 AM Author: stirring rusted juggernaut wrinkle :) (http://www.autoadmit.com/thread.php?thread_id=2976408&forum_id=2#28666689) |
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Date: September 1st, 2015 11:01 PM Author: maize area Repeating things that happen to be known by every college graduate who went to a non-embarrassing school doesn't get you a lot of praise. (http://www.autoadmit.com/thread.php?thread_id=2976408&forum_id=2#28671356) |
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Date: September 1st, 2015 9:09 AM Author: Spectacular primrose location french chef (http://www.autoadmit.com/thread.php?thread_id=2976408&forum_id=2#28666686) |
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Date: September 1st, 2015 9:10 AM Author: violent useless brakes (http://www.autoadmit.com/thread.php?thread_id=2976408&forum_id=2#28666688) |
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Date: August 30th, 2015 3:38 AM Author: magenta selfie aspieeee (http://www.autoadmit.com/thread.php?thread_id=2976408&forum_id=2#28653314) |
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Date: August 30th, 2015 10:20 PM Author: Twinkling puppy (http://www.autoadmit.com/thread.php?thread_id=2976408&forum_id=2#28657865) |
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Date: September 1st, 2015 3:59 AM Author: Twinkling puppy (http://www.autoadmit.com/thread.php?thread_id=2976408&forum_id=2#28666379) |
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Date: September 1st, 2015 4:00 AM Author: cracking arrogant cumskin internal respiration 138 (http://www.autoadmit.com/thread.php?thread_id=2976408&forum_id=2#28666380) |
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Date: September 1st, 2015 7:56 AM Author: ivory state gunner theres probably sort of a cutoff iq below which you are simply not functional, but past that there is very little in the way of gains to additional points
there is no iq that is sufficient for any level of performance, and that is why objectively intelligent people get absolutely pummeled so often (doctors, lawyers, even business people that are great at operations but don't really understand a fucking thing about valuation) |
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Date: September 1st, 2015 8:58 AM Author: Onyx Friendly Grandma Lay cs fucklaw (http://www.autoadmit.com/thread.php?thread_id=2976408&forum_id=2#28666656) |
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Date: September 1st, 2015 8:14 AM Author: Translucent People Who Are Hurt Market psychology requires a specific understanding of how people and businesses think and react. It's one of those bullshit alternative IQ but the stock market makes a very good case for why some traders are better than others. (http://www.autoadmit.com/thread.php?thread_id=2976408&forum_id=2#28666582) |
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Date: September 1st, 2015 8:16 AM Author: Curious black yarmulke corner Day trader = 105
Higher up = Solid 120
Plus cocaine/addy. |
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Date: September 1st, 2015 10:31 AM Author: trip opaque bbw nibblets past the 120 threshold, addy more impt than IQ (http://www.autoadmit.com/thread.php?thread_id=2976408&forum_id=2#28666954) |
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Date: September 1st, 2015 9:11 AM Author: disgusting supple nowag Many top traders didn't attend top schools, fwiw. Usually good/decent schools, but not great schools. (http://www.autoadmit.com/thread.php?thread_id=2976408&forum_id=2#28666693) |
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Date: September 1st, 2015 10:59 PM Author: duck-like philosopher-king forum A successful trader knows how to identify and extract some "edge" in the market place. (http://www.autoadmit.com/thread.php?thread_id=2976408&forum_id=2#28671338) |
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Date: September 1st, 2015 11:01 PM Author: Medicated Cruel-hearted Nursing Home EQ over IQ... emotional self control is key (http://www.autoadmit.com/thread.php?thread_id=2976408&forum_id=2#28671354) |