Tipping
If you really knew what was likely to beat the market would you
a) lump all your money on it yourself, securing the reward for your superior knowledge/skill, or
b) tell other people to lump all of their money, in the process of which you will shorten the price and make your suggestion less valuable
Unless you
c) take a position in the market yourself, tell other people to lump on thus shifting the market, and close out your position for a healthy profit (those other mugs will have to take their chances but as your own performance is unlikely to be monitored and reported on over the long term no-one's going to know).
Can't help thinking these kind of thoughts whenever I see "tipsters" in papers etc.
Posted By: Old Man on August 6th 2013 at 14:52:13
Message Thread
- anyone got a copy of the sun handy (Betting) - WOTB No1 Tipster 04, Aug 6, 14:31:50
- Tipping (Betting) - Old Man, Aug 6, 14:52:13
- i kind of agree. but said tipster would have to be succesful regularly in order for a (Betting) - Tony Martin, Aug 6, 16:03:51
- Of course the said tipster could be backing those selections himself first (Betting) - grimsbycanary3, Aug 6, 15:11:15
- Tipping (Betting) - Old Man, Aug 6, 14:52:13
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