SpaceX stock falls below its $135 IPO price to $115.26, giving short sellers $15.5 billion in paper profits as traders double down on bearish market bets.
Plus, it’s not anecdotal AND goes beyond your statement.
Through the years and statistical analysis, it has been proven that picking stock, even by professionals is still mostly luck. I think analysts have ran out of ridiculous examples of animals picking stock randomly and still coming on top in a long enough time period.
So if even the “professionals” are not really doing much, why would any individual nurture the thought that THEY could do better?
yeap, you are 100% correct
Plus, it’s not anecdotal AND goes beyond your statement.
Through the years and statistical analysis, it has been proven that picking stock, even by professionals is still mostly luck. I think analysts have ran out of ridiculous examples of animals picking stock randomly and still coming on top in a long enough time period.
So if even the “professionals” are not really doing much, why would any individual nurture the thought that THEY could do better?
https://unwall.app/www.forbes.com/sites/rickferri/2012/12/20/any-monkey-can-beat-the-market/
https://www.npr.org/sections/money/2013/01/14/169326326/housecat-beats-investors-in-stock-market-challenge
https://acquirersmultiple.com/2018/04/daniel-kahneman-the-illusion-of-stock-picking-skill/