elharo comments on Rationality Quotes June 2014 - Less Wrong

9 Post author: Tyrrell_McAllister 01 June 2014 08:32PM

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Comment author: elharo 16 June 2014 11:36:30AM 1 point [-]

There is a great deal of money to be made by entering the market and not trying to outguess it. This is what index funds are about. Thus many non-fools enter the market.

Comment author: DanielLC 16 June 2014 04:50:09PM 3 points [-]

By "enter", I meant try to outguess.

If everyone bought stocks randomly, it would be easy to outguess.