tag:blogger.com,1999:blog-5465015914589377788.post3377137032358087664..comments2024-03-20T09:32:16.592-04:00Comments on Michael James on Money: Dollar-Cost Averaging Truth and MythMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5465015914589377788.post-75491983907319523042008-07-07T09:30:00.000-04:002008-07-07T09:30:00.000-04:00Patrick: Interesting. This would mean that all t...Patrick: Interesting. This would mean that all the mumbo-jumbo in technical analysis books may have had some value at one time, but no longer. I guess it's just an academic exercise to figure out whether it has always been bunk or whether it quickly became bunk as overuse made it self-defeating.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-41351968691336563692008-07-07T08:46:00.000-04:002008-07-07T08:46:00.000-04:00Personally I think technical if technical analysis...Personally I think technical if technical analysis had any actual predictive value, then that would be factored into the stock price, making technical analysis self-defeating.Patrickhttps://www.blogger.com/profile/16816252455472704262noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-10649374973104197942008-07-05T09:51:00.000-04:002008-07-05T09:51:00.000-04:00Patrick: I don't think the information that will ...Patrick: I don't think the information that will determine a stock's future is in its history of trades. No amount of analysis can find information that isn't there. I haven't spent enough time thinking about technical analysis to say much more than this.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-45481466323602456942008-07-05T00:43:00.000-04:002008-07-05T00:43:00.000-04:00As long as we're busting myths here... What do yo...As long as we're busting myths here... What do you think of technical analysis?Patrickhttps://www.blogger.com/profile/16816252455472704262noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-18152828405270995332008-07-04T09:07:00.000-04:002008-07-04T09:07:00.000-04:00Patrick: That's right. The relevant mean for bot...Patrick: That's right. The relevant mean for both lump sum investing and spreading out investments is harmonic.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-14424152529447109332008-07-04T00:39:00.000-04:002008-07-04T00:39:00.000-04:00Looks like the proper expected average price from ...Looks like the proper expected average price from the lump sum investment is not the arithmetic mean, but the harmonic mean.Patrickhttps://www.blogger.com/profile/16816252455472704262noreply@blogger.com