lazy investor
The Lazy Investor and A.I. - Spxbot Blog
Artificial intelligence is for lazy investors and this for two orders of reasons: it reduces the frequency of trading actions and it relieves you from the necessity of having an opinion. Any of our action requires an opinion and, in trading, our opinions are, usually, like TNT in the hands of a chimp. A lot of opinions to have, on gold, on oil, on the stocks, on the banks, on EVERYTHING!! I Must Have A Correct Opinion On EVERYTHING! Otherwise I Will Lose Money! In fact, it ends up that we lose money, confidence, respect, with rising tensions and crisis of any kind around, and still we have a very confused opinion on something, ignoring all the rest.