A BABY, a GEEK, and a COW…
… all walk into a bar looking for some BEER and VINO…What happens next? They all beat the market. Were their ticker names a factor? I decided to study that.
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Gary Smith
Computers’ Stupidity Makes Them Dangerous
The real danger today is not that computers are smarter than us, but that we think computers are smarter than usMany marketing decisions, medical diagnoses, and stock trades, loan and job applications, and election strategies are evaluated by computers. But, as my little experiment shows, the computer does not know whether a pattern is information or noise.
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The Paradox of Luck and Skill
Why did Shane Lowry win the British Open golf championship? Because someone had toIn any competition including academic tests, athletic events, and company management where there is an element of luck that causes performances to be an imperfect measure of ability, there is an important difference between competitions among people with high ability and competitions among people of lesser ability.
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We See the Pattern! — But Is It Real?
It’s natural to imagine that a deep significance underlies coincidencesUnfortunately, patterns are not always a source of information. Often, they are a meaningless coincidence like the 7-11 babies this summer.
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