Previous Message
That if you understand both the right data to analyse and the right statistical methods and tools to apply to the data you can probably out perform an average investor and the theoretical macro market that compromises the whole potential investor populous and the complete range of investments available (from bookies, through bonds to bedsits and bitcoin). If I am being picky I’d argue the skill is in identifying the right investments in the right markets at the right time.
Even with almost unlimited resources to support excellent data mining and analytics (supplemented by AI now) it is still tricky to do. There are just so many options, so much data and so many variables. So many of the variables are uncontrollable and ‘unpredictable’ and the outcomes ‘uncertain’ (in both the common sense and statistical uses of the word) which forces reliance on stochastic simulations and modelling. This is increasingly advanced in many sectors including the ones I know best (Finance, Health Science) but as we see from weather forecasting advanced is still not perfect!
It is fair to say that the type of folk football agents might typically reach are not at the forefront of deploying cutting edge data science and supporting technology to guide their investment decisions… Previous Message
Most "financial advisors" are one step up from door-to-door insurance salesmen. I see Fidelity and Morgan Stanley recruitment ads all the time; they're hiring anyone - you don't need a PhD in stochastic calculus and a decade at Renaissance or somewhere to be a "financial advisor."
Totally agree on tax btw. Tax avoidance / evasion / minimization is disgusting and unnecessary. Nurses should get paid more, and everyone who earns a decent or an indecent amount per annum should be proud to pay their full share of tax.
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on September 3, 2025, 12:59 am, in reply to "