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Australian Members

Discussion in 'Classic Menswear' started by earthdragon, Nov 18, 2008.

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  1. Petepan

    Petepan Senior member

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    Does a high school teacher teach engineering these days?
     
  2. LonerMatt

    LonerMatt Senior member

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    I know several that incorporate parts of their engineering study and work into their classrooms. So, I would say 'yes' although I do not, personally.

    However, I do incorporate this concept:

    "The idiom "red herring" is used to refer to something that misleads or distracts from the relevant or important issue."
     
    Last edited: Dec 21, 2014
  3. DartagnanRed

    DartagnanRed Senior member

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    I "assume" that the only way to consistently beat the market (other than luck and leverage) is having superior information, having superior interpretation of existing information or getting information faster than others. But, there are so many different interpretations of what constitutes "information" that EMH becomes a rather meaningless thing. I it when people say that successful investors are just lucky and EMH holds, but I also dislike it when people point to successful investors and claim the market isn't efficient. Surely someone like Walter Schloss has access to incredibly good information, very good analysts and has proprietary investment strategies. If he is good, he could exceed the market return and the market could STILL be "efficient". Indeed the EMH has built into it that the market has to be just inefficient enough that the average active investor can earn enough profit to keep investing.

    My monkey example was based on total return, yours is chance of beating market return every year.
     
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  4. thebrownman

    thebrownman Senior member

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    Enjoy your Christmas and New Years, JM! :)
     
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  5. Dusty Brogues

    Dusty Brogues Senior member

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    Bro, let's bring back the real deal Michael Sy
     
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  6. mezentius

    mezentius Senior member

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    Sounds like the EMH implies that any gains beyond the market rate are zero-sum. Great benefit to society that is, eh?
     
  7. AriGold

    AriGold Senior member

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    The problem with EMH is that if everyone believed EMH was completely true and perfect, and thus no incentive to beat the market, then EMH falls apart.
     
  8. DartagnanRed

    DartagnanRed Senior member

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    Wat? No one said that and no one would.
     
  9. DartagnanRed

    DartagnanRed Senior member

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    This is what I was alluding to before. Can't remember who first spoke about it (maybe Fama) but they say the market must be just inefficient enough that active investors earn a "finder's fee" or a small profit which motivates them to stay in the market and keeps it relatively efficient. No-one sensible ever actually claims the market is wholly efficient (even if their language implies they are), rather it is a debate about how efficient it is.
     
  10. mezentius

    mezentius Senior member

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    imply
    ɪmˈplʌɪ/
    verb

    1. indicate the truth or existence of (something) by suggestion rather than explicit reference.



    Now, I'm no financier, but if there is a default market growth rate which I assume would be due to the increased efficiency from better allocation of resources with a capital market, and attempts to "beat the market" are due to information asymmetry or risk leveraging, then gains beyond the market rate are are to the detriment of other potential investors and do not generate real surplus. Again, I'm no financier, so this is just a thought.
     
    Last edited: Dec 21, 2014
  11. AriGold

    AriGold Senior member

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    also the stock market is not necessarily a zero sum game.

    If investor A buys stock for $20

    then sells it to Investor B at $40,

    who then sells it to investor C at $80

    who holds to the current price of $100.


    Noone has lost money - and each investor has made a profit. This is likely to reflect the strong performance of the underlying business to deliver value and increase sales/profits etc.


    Trading derivatives on the other hand is different.

    No benefit to society? The level of economic growth and development that the world has experienced today would be likely be much lower without capital markets.
     
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  12. mezentius

    mezentius Senior member

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    And all of that would fall under the market rate...I'm talking about beating the market as a financier.
     
  13. JimmyHoffa

    JimmyHoffa Senior member

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    Lads, there's no need for me to say anything - Skeen speaks for me.

    I will say one thing though. Isn't it interesting that the two kids that trolled me all day everyday, are now trolling everyone else? Kumbaya.


    Merry Christmas, Happy New Year and I hope you have a great holiday, James Journeyman.
     
    Last edited: Dec 21, 2014
    1 person likes this.
  14. Toriiiiiino

    Toriiiiiino Member

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    Hey guys
    I'm after a pair of brown 2 eyelet derby shoes (Similar look to the brown carmina shoemaker derby model 907 rain last) which will be used for work, interviews and outings.
    Anyone have recommendations on what shoe or brands and stores in Sydney? Don't want to get a size to small haha!
    Cheers.
     
  15. Osiris2012

    Osiris2012 Senior member

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    Well said JM, enjoy your holidays and new year.
     
  16. Petepan

    Petepan Senior member

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    So the answer is a partial yes. How about psychology? Economics?

    Thank you for the definition of red herring. Look up poisoning the chalice next.
     
  17. Petepan

    Petepan Senior member

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    Well, your assumption is incorrect. You are still hung up on information.

    Instead of speculating, just read up on Walter Schloss. Not that difficult to use Google.

    Yes, the fabled equity premium. Read my posts carefully. The market is mostly efficient. However, it is not perfectly efficient. The difference is crucial. And no one ever claims the market is totally inefficient.
     
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  18. needhelp123

    needhelp123 Senior member

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    Anyone can recommend Sydney alteration for Rick Owens leather jacket? I need the sleeves shortened.

    Thanks
     
  19. Pink Socks

    Pink Socks Senior member

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    No idea. But thank you for asking a question relating to the thread.

    All the financial/intellectual dick measurement is getting quite boring.
     
    3 people like this.
  20. LonerMatt

    LonerMatt Senior member

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    Yes to both - they are both subjects at High School, but definitely play into Maths, History, any pastoral support, text analysis, etc.
     
    Last edited: Dec 21, 2014
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