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Ask HN: How did you learn about stocks and the market?

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Re: Ask HN: How did you learn about stocks and the market?

#151

Post by moshiasri »

n13 wrote: post #15
moshiasri wrote: post #2

Well the real question here should be how much pain can you bear to learn the process. Because the term stocks and market covers a big area, you have to select a more specific domain, like bonds,derivatives, stocks, commodities or forex and the learning curve is steeper than the traditional processes like coding or design, plus there is capital involved, if you are a newbie i would advice you to start with "Paper Tra…

Thank you so much! I'll look into that too.

Your Welcome my friend, if you need any further info regarding the stock market, fell free to ask, i will be glad to answer. :)

Re: Ask HN: How did you learn about stocks and the market?

#152

Post by zhte415 »

You may want to look beyond stocks, because stocks are a small part of financial markets.

I've mainly done asset allocation. That means, looking between markets and moving assets accordingly. More an interest in themes than individual companies (though themes between companies often appear).

An excellent blog for this style, generally called 'macro', is http://macro-man.blogspot.com though the financial market slang can be a bit much at first. It is funny and fresh.

Re: Ask HN: How did you learn about stocks and the market?

#153

Post by baccredited »

throwawaymsft wrote: post #149
the_gastropod wrote: post #107

Earlier quoted context omitted.

>There are people and firms which consistently beat the S&P 500 after fees and trade commissions on a timeline of 20+ years without using insider trading. What would this be called, other than "smart" trading? Mind naming a few? I'm unfamiliar with any firms that consistently can beat the S&P 500, much less for 20+ consecutive years. This could, of course, be called "luck". Given the number of investors, some will in…

How about Berkshire Hathaway itself? http://www.businessinsider.com/warren-buffett-berkshire-hath... You can think he got lucky 50 years in a row (1/2^50, what're the odds? Does it invalidate the null hypothesis?) or that investing involves an element of skill. It's impossible to predict who will win a poker tournament but winning games is a skill, and certain players consistently do better than others. Sure, I would…

>How about Berkshire Hathaway itself?

Warren Buffett to heirs: Put my estate in index funds http://www.marketwatch.com/story/warren-buffett-to-heirs-put...

Re: Ask HN: How did you learn about stocks and the market?

#154

Post by throwawaymsft »

baccredited wrote: post #153
throwawaymsft wrote: post #149

Earlier quoted context omitted.

How about Berkshire Hathaway itself? http://www.businessinsider.com/warren-buffett-berkshire-hath... You can think he got lucky 50 years in a row (1/2^50, what're the odds? Does it invalidate the null hypothesis?) or that investing involves an element of skill. It's impossible to predict who will win a poker tournament but winning games is a skill, and certain players consistently do better than others. Sure, I would…

>How about Berkshire Hathaway itself? Warren Buffett to heirs: Put my estate in index funds http://www.marketwatch.com/story/warren-buffett-to-heirs-put...

It's good advice for most. I'm sure poker champions want their money invested similarly (instead of having their children attempt to grow their wealth by following their footsteps). But we shouldn't deny that investing is a skill.

Re: Ask HN: How did you learn about stocks and the market?

#155

Post by csabapalfi »

n13 wrote: post #123
dforrestwilson wrote: post #79

Earlier quoted context omitted.

Khan Academy is a great resource for this. Salman worked in finance. And it really does depend on how deep down the rabbit hole you want to go. I do equity research now... feel free to contact me.

There's no contact information on your profile!

https://twitter.com/dforrestwilson https://www.linkedin.com/in/dforrestwilson

Re: Ask HN: How did you learn about stocks and the market?

#156

Post by lazyhummingbird »

brianpgordon wrote: post #100
dwc wrote: post #91

Earlier quoted context omitted.

Agreed, with one exception: when you as an individual have fairly deep knowledge about something and spot a market opportunity based on that knowledge, you might be able to correctly judge whether you can take advantage of it. I've done this several times and made good money. Two times I approximately doubled my money over the course of several months. Yeah, not day trading but buying and waiting for the market to fi…

I admit that's a possibility, but be very careful and very limited in your domain. Stupid shit is wildly successful all of the time, and brilliant offerings fail all of the time. The market still hasn't figured out that SharePoint sucks and enterprise lock-in from vendors like Oracle is predatory and bad for business. Amazing achievements like NeXT and the Amiga never made money. Gimmicks like the Amazon Echo and the…

> Gimmicks like the Amazon Echo

Ah, the first mass-market ambient computer is a gimmick. And somehow I still want one.

Re: Ask HN: How did you learn about stocks and the market?

#157

Post by n13 »

moshiasri wrote: post #151
n13 wrote: post #15

Earlier quoted context omitted.

Thank you so much! I'll look into that too.

Your Welcome my friend, if you need any further info regarding the stock market, fell free to ask, i will be glad to answer. :)

Thank you! HN doesn't have any option to follow but that's ok. I do have a question for you - Does newsletters/pro accounts (costs around $199/yr) like Motley Fool, Morning star of any help, or those are just sham?

Re: Ask HN: How did you learn about stocks and the market?

#158

Post by brianpgordon »

contingencies wrote: post #132
brianpgordon wrote: post #116

Earlier quoted context omitted.

There are some Quora questions about that: https://www.quora.com/Is-there-an-equivalent-company-to-Weal... The answer from some brief poking seems to be that there's nothing in the greater EU right now.

Awesome... who wants to collaborate to build one?

Can't be done like that. You can't imagine the regulatory nightmares that would be involved.

Re: Ask HN: How did you learn about stocks and the market?

#159

Post by lloyd-christmas »

huac wrote: post #121
lloyd-christmas wrote: post #76

Earlier quoted context omitted.

+1. I worked as an equities trader and this still sat on my desk in place of any equities books. > Personally, I think the basics of quantitative finance are just as relevant to Data Science as machine learning is. 100% agree. As a hobbyist on the data science side, I still refer back to the book whenever I get a "this looks familiar" thought.

do you have any particular points of crossover OTOH? interested in what some similarities between data science ~ quant finance are.

I guess "data science" is a pretty big term, so it depends what corner of the bubble you're in. My interest leans toward computer vision. The first thing that popped into my head is Kalman filters being useful in time series analysis, whether it be equities or object tracking.
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