Fooled by Randomness - Nassim Taleb

This quote was added by nkjdhf
If rational traders detect a pattern of stocks rising on Mondays, then, immediately such a pattern becomes detectable, it would be ironed out by people buying on Friday in anticipation of such an effect. There is no point searching for patterns that are available to everyone with a brokerage account; once detected, they would be self-canceling.

Train on this quote


Rate this quote:
3.5 out of 5 based on 12 ratings.

Edit Text

Edit author and title

(Changes are manually reviewed)

or just leave a comment:


kumagai 5 months ago
Not really. Everyone is looking for different setups. And markets also move fractally across timeframes, so the setups are endless. You just have to know your edge.

Test your skills, take the Typing Test.

Score (WPM) distribution for this quote. More.

Best scores for this typing test

Name WPM Accuracy
venerated 131.23 98.9%
alliekarakosta 130.52 98.0%
user871724 125.76 91.8%
mrlazav 122.35 95.8%
venerated 120.88 98.0%
hackertyper492 120.66 91.8%
venerated 118.25 95.1%
penguino_beano 116.86 93.8%

Recently for

Name WPM Accuracy
user732043 68.34 100%
dolllover123 71.87 92.8%
user94942 64.08 94.8%
alliekarakosta 130.52 98.0%
carlos_juancho 47.51 89.9%
narxi 52.40 92.0%
wing3456 77.01 92.5%
user220801 70.17 97.7%