Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?
This is your opportunity to ask questions. No question too simple or too silly.
Culture war topics are accepted, and proposals for a better intro post are appreciated.
Jump in the discussion.
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Notes -
This reads a lot like "It isn't that hard to win the Super Bowl if you're really good at football."
How do I get good at football?
How do I become good enough to do this low time consumption research and investing? 10Ks and 10Qs are dozens to over a hundred pages of dense language, how do I know what to pick out of them so I don't have to scrutinize every word? How do I know when I know enough about an industry? How do even define "risk" so that I can "mitigate" it (the use of the word "mitigate" really makes me suspicious. Risk cannot be "mitigated" in the sense that it can be fundamentally reduced. Risk can only be transferred. Whatever else you might think of him, this was the highly accurate central point of N.N. Taleb's Black Swan series).
More systemically, are you really going to say that with a few hours here and there of cursory research, one can assemble a portfolio that truly generates long term alpha? It's easy to delude yourself into thinking you're a genius for riding beta and then, when a drawdown happens, to pat yourself on the back for "being patient" and maybe even "buying the dip." But let's not peek at the Sharpe ratio and discover our portfolio is actually just a volatility monster over exposed to a few factors that would be laughed out of any actively managed fund's investment committee.
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