What is the average IQ/education level needed to be successful in stock market?
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Date: September 1st, 2015 8:57 AM Author: territorial dingle berry
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
(http://www.autoadmit.com/thread.php?thread_id=2976408&forum_id=2#28666654) |
Date: September 1st, 2015 7:56 AM Author: swashbuckling effete fat ankles
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)
(http://www.autoadmit.com/thread.php?thread_id=2976408&forum_id=2#28666549) |
Date: September 1st, 2015 8:16 AM Author: henna hall
Day trader = 105
Higher up = Solid 120
Plus cocaine/addy.
(http://www.autoadmit.com/thread.php?thread_id=2976408&forum_id=2#28666588) |
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