/biz/ - Business & Finance

Easy.

>>8109080
I would like to have try shrooms too at some point. Ever had a bad trip or have any other "prophecies" came true?

>>8094860
Okay, let me educate you bastards, just this once.

There are many investment strategies, one of them is to buy and then hold. There are others too (shocking) like shitting your pants and selling everything when everyone panic sells, or having a monkey decide for you.

The best strategy is what makes the most money. The best strategy this time would have been to hold. Other time the monkey is better. But how can you know the best strategy? You can't, and that's the joke. Holding is only one of the millions strategies that just happened to be the best this time. Claiming that "he should have known to use the best strategy, and therefore he missed opportunity cost" is like claiming that if you don't trade every time with absolute perfection you are always losing. We know nothing about the economy where the goat or coin buying and selling happens, all we know holding could be seen has a stupid move there in general.

Learned anything today?