MichaelGR comments on Rationality Quotes July 2011 - Less Wrong

2 Post author: Normal_Anomaly 03 July 2011 06:41AM

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Comment author: MichaelGR 03 July 2011 04:37:58AM *  5 points [-]

One perennial problem is the overwhelming incentive for analysts to issue “Buy” recommendations. The universe of stocks not owned by a customer is always much larger than the list of those currently owned. Consequently, it’s much easier to generate commissions from new “Buy” recommendations than from recommendations to sell.

-Joel Greenblatt

Comment author: MixedNuts 03 July 2011 04:12:07PM 8 points [-]

That whole "buying" vs "selling" dichotomy does nothing but cause problems. Let's just treat selling as buying negative stock.

Comment author: ESRogs 12 July 2011 08:38:50PM 1 point [-]

Like shorting?

Comment author: MixedNuts 13 July 2011 06:24:14AM 2 points [-]

Rather, not like shorting. Unless we also use a word like "longing" to mean buying a stock you haven't previously sold.

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