Re: Predicting the Stock Market Is Child's Play

From: Wade T.Smith (wade_smith@harvard.edu)
Date: Fri Mar 15 2002 - 02:06:02 GMT

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Subject: Re: Predicting the Stock Market Is Child's Play
Date: Thu, 14 Mar 2002 21:06:02 -0500
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From: "Wade T.Smith" <wade_smith@harvard.edu>
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    Hi AaronLynch@aol.com -

    >But what am I saying? Perhaps I should just establish the Immaturity Growth
    >Fund, a mutual fund whose stocks are all picked by a 5 year old. I could say
    >"Outperformed FTSE 100 for 1 year, 5 years, and the life of the fund."
    >Anyone
    >want to invest? ;-)

    If it were an established fund with that sort of record, yes....

    The more interesting thing in the item I forwarded (I'm totally aware of
    how we forget the misses and the impish shine upon this report), is that
    the system that used the standard predictors simply followed the general
    course of the market- and that is, it dwindled, this time.

    The young girl's choices were described as 'random' but, I suspect that's
    a liberty, especially when I see one of her choices is Cadbury
    Schweppes....

    - Wade

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