Tough to consistently outguess all three.
A Note from Our Chief Investment Officer
Been aware for 25 years of professional investing; however, the past two years reinforce for me that extrapolation & mean-reversion occur but are not viable investment strategies and the fight to sell ads and extract clicks through superfluous headlines and descriptions are damaging humans’ ability to make real decisions.
Hope machines learn that most headlines and articles are riddled with language run afoul–NOISE! Also, humans and robots believe the trifecta is forever “efficiently” programmable and behaviorally in their favor…HA-HA!
With Gratitude, Michael
