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agip
RE: How to time the market and lose your shirt

racket wrote:

This is why I don't get into heavy market trading and all the speculation.

http://www.reuters.com/article/libor-trial-broker-idUSL8N15C2T4

I remember sitting in a math of financial derivatives colloquium talk during my PhD years and thinking about how to include corruption into the models. I didn't pay close attention since it wasn't my field so maybe I missed the whole point. Anyways, the whole thing just seems rigged to me. Maybe I'm pessimistic


that's part of the beauty of passive index investing. You aren't playing against them. You buy, you hold, you let billions of anonymous people work for you. You don't rely on people with conflicts of interest and criminal tendencies.

11% per year since 1976.

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