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, Aug 6, 14:52:13