In general: great thing these short blogs that bring a complex academic treatise to the point. For me as a Swiss, this is not always the case with Germans :-). No, really hats off to fill this blog almost daily..really strong! A question about this article, what would be (from your perspective) their first deduction from it for investing / stock market? Thank you very much and hope for many more insights from the mountains of numbers that you have worked on. Best Regards Andi
One of the areas where this result could be relevant for investing is in how investors learn. We try to educate investors by showing them the results of different investment strategies on a screen or a sheet of paper and nowadays more often via simulations on a computer screen. But the problem is that the learning effect even from a computer simulation shown on a screen may be zero. People really have to suffer with their own investments in order to learn.
In general: great thing these short blogs that bring a complex academic treatise to the point. For me as a Swiss, this is not always the case with Germans :-). No, really hats off to fill this blog almost daily..really strong! A question about this article, what would be (from your perspective) their first deduction from it for investing / stock market? Thank you very much and hope for many more insights from the mountains of numbers that you have worked on. Best Regards Andi
Danke für die Blumen :-)
One of the areas where this result could be relevant for investing is in how investors learn. We try to educate investors by showing them the results of different investment strategies on a screen or a sheet of paper and nowadays more often via simulations on a computer screen. But the problem is that the learning effect even from a computer simulation shown on a screen may be zero. People really have to suffer with their own investments in order to learn.