Comments on: Four Lessons from Druckenmiller http://www.mercenarytrader.com/2010/09/four-lessons-from-druckenmiller/ a community of ruthless profiteers Wed, 18 Jan 2012 17:06:10 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Jack Sparrow http://www.mercenarytrader.com/2010/09/four-lessons-from-druckenmiller/comment-page-1/#comment-343 Jack Sparrow Mon, 06 Sep 2010 22:48:13 +0000 http://mercenarytrader.com/?p=4256#comment-343 1) The "lucky coinflipper" argument makes that point abundantly clear. I could have said "sustained" outperformance, but it would have been pedantic. 2) The clear line of demarcation is skill-based result, as opposed to luck-based result, on a logical and long-term basis. No one talks of lottery winners outperforming. 1) The "lucky coinflipper" argument makes that point abundantly clear. I could have said "sustained" outperformance, but it would have been pedantic.

2) The clear line of demarcation is skill-based result, as opposed to luck-based result, on a logical and long-term basis. No one talks of lottery winners outperforming.

]]> By: TCA http://www.mercenarytrader.com/2010/09/four-lessons-from-druckenmiller/comment-page-1/#comment-341 TCA Mon, 06 Sep 2010 22:19:27 +0000 http://mercenarytrader.com/?p=4256#comment-341 even im not a believer in efficient markets, there should be something corrected: it doesn't say outperformance is impossible, it just says it's random even im not a believer in efficient markets, there should be something corrected: it doesn't say outperformance is impossible, it just says it's random

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