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Only took one gibbering retard to derail the entire thread, must be a Generation Y thing
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Jul 6, 2016 00:38
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Imaduck posted:I think he's just saying that he ended up with a better-than-average job than his colleagues, and that's not necessarily because he was "better" or worked harder than his colleagues with similar backgrounds. I remember being in a lecture about investment and fund management that was looking at how different investors succeeded over a period of ten years and how they perceived their own success. At the end, almost none of the entire group actually did better than the passive market average, meaning that their hand picked shares in general performed worse than if they had just invested a tiny amount in every stock and left it for ten years, and their performance was essentially no better than random chance. The interesting/ironic part of it was that some of them had been promoted and developed reputations on the backs of single big successes, while others fell behind, yet taken over the whole ten year period there was really little discrepancy between any of them in terms of overall success. Yet in interviews they all credited their successes to themselves and their failures to poor luck or market conditions, when in reality you could have replaced any one of them with a roulette wheel and chosen where to invest and had pretty much the same results (minus paying for the service, which makes the margins required for beneficial managed funding even slimmer). Jeza fucked around with this message at 16:06 on Oct 14, 2016 |
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Oct 14, 2016 15:07
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