Lazarus
14 Jul 2025
Off-Topic / Stock Market Talk and Trading - part 2 [732]
The most hilarious thing is that those people are too dumb to realise what they're trying to compete with. The quality of analyst reports nowadays is so good and the analysts are so specialised. Those are very intelligent, very well educated experts in their fields, and all they do all day every day is research their very narrow area of expertise and write reports about it. And they have access to far better and deeper info than entirely untrained high school drop-out living in a shack in the woods has.
The problem is that those reports cost quite a lot (because staff such as those described above demand good wages), so you need to be managing a minimum of $100 million before the cost of the reports is outweighed by the advantage they supply.
That said, some people are so hilariously financially illiterate that they come out with sh!t such as
For context, Warren Buffet, arguably the greatest investor of all time and currently the ninth richest person in the world, couldn't get a 20% return. The fund he ran gave a compounded return between 1965 and 2024 of 19.9%. But the Michigan Mystic reckons he can beat that while "play[ing] it safe"! LOL
Basically people who try to make a fast buck and have very few morals or ethics.
The most hilarious thing is that those people are too dumb to realise what they're trying to compete with. The quality of analyst reports nowadays is so good and the analysts are so specialised. Those are very intelligent, very well educated experts in their fields, and all they do all day every day is research their very narrow area of expertise and write reports about it. And they have access to far better and deeper info than entirely untrained high school drop-out living in a shack in the woods has.
The problem is that those reports cost quite a lot (because staff such as those described above demand good wages), so you need to be managing a minimum of $100 million before the cost of the reports is outweighed by the advantage they supply.
That said, some people are so hilariously financially illiterate that they come out with sh!t such as
I am happy with making a 20% return on my money overall.
For context, Warren Buffet, arguably the greatest investor of all time and currently the ninth richest person in the world, couldn't get a 20% return. The fund he ran gave a compounded return between 1965 and 2024 of 19.9%. But the Michigan Mystic reckons he can beat that while "play[ing] it safe"! LOL