Results are more important than process. Every. Single. Time.
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Not sure I agree. To paraphrase: results alone say very little about the quality of decisions.pic.twitter.com/BhdIViPTwk
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I’d rather have a low quality decision process that won vs. a high quality decision that lost. Time horizons matter here, though
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It’s awesome to double down on a hard 17 and get a 4 but I wouldn’t stake a blackjack player who played like that :)
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Winning is not the only thing that matters - specially with an investment. If it did, then a monkey picking stocks could also end up winning, will you prefer the monkey over the quant guru while deciding on your investment advisor ?
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Depends who has better returns net of fees.
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