Discover and read the best of Twitter Threads about #IncentivesMatter
Most recents (4)
When students of statistics are introduced to creating and interpreting models, they are introduced to George Box's maxim:
*All models are wrong, some are useful.*
It's a call for humility and perspective, a reminder to superimpose the messy world on your clean lines. 1/
*All models are wrong, some are useful.*
It's a call for humility and perspective, a reminder to superimpose the messy world on your clean lines. 1/
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/04/03/all… 2/
pluralistic.net/2023/04/03/all… 2/
Even with this benediction, modeling is forever prone to the cardinal sin of insisting that complex reality can be reduced to "a perfectly spherical cow of uniform density on a frictionless plane." 3/
@AntoineGara continues to do great work with @Forbes.
And yes, this is the problem.
forbes.com/sites/jeffkauf…
And yes, this is the problem.
forbes.com/sites/jeffkauf…
And this is why people like myself and @KonyCapitalism find @gengster1 claim about democratizing investing a bit tough to stomach/believe. #incentivesmatter
https://t.co/9ZFcA4TJC6
https://t.co/9ZFcA4TJC6
Unless we are going to live in a world that believes turnover results in better performance. But I’d like to see data before I buy a claim that flies in the face of history.
#EconTwitter Online teaching: OBS users, what are your recording/streaming set-ups? I'm using a mix of recording (video = 30fps, 1280x720, CRF=20, ultrafast, mp4; audio = 320 bitrate, lagged 180ms for audio/video sync) and streaming (OBS to Zoom using NDI). Any Alternatives?
I also created some png masks, which means you can do zoom like this! I think this will work well for teaching as well as for online seminars! A solution to 16:9 @paulgp!
What's nice with the OBS-zoom link is that you can seamlessly switch between doc cam, slides, webcam, stata, and other windows in zoom! Step-by-step instructions with common troubleshooting here
20 Lessons from 20 Years of Investing
by John Rotonti (TMFEarlyRiser)
1 - Pay up for quality.
2 - Average up. Add to winners, not losers.
3 - If you want/need capital, sell your losers.
by John Rotonti (TMFEarlyRiser)
1 - Pay up for quality.
2 - Average up. Add to winners, not losers.
3 - If you want/need capital, sell your losers.
4 - Remain invested. Stocks go up most of the time, even after new highs.
5 - Keep cash on the side to take advantage of sell offs. Get aggressive with high-quality businesses when on sale
6 - Create a process and stick to it. Checklists/watchlist/journal are great free tools.
5 - Keep cash on the side to take advantage of sell offs. Get aggressive with high-quality businesses when on sale
6 - Create a process and stick to it. Checklists/watchlist/journal are great free tools.
7 - Don't bother with low quality or turnarounds. Have a 'too hard' pile.
8 - Stocks follow earnings eventually. Buy long-duration, profitable growers.
9 - Buy 'best of breed'. Don't bother with the second-best.
8 - Stocks follow earnings eventually. Buy long-duration, profitable growers.
9 - Buy 'best of breed'. Don't bother with the second-best.
