98% of retail investors make no profit over a duration of 1 year.
90% traders loose 90% money in 90 days.. (Trading and investing is a lil. Different but overall just a game to Make money).
2% who makes money, many times they are correct, evidence based, strategic, very good at managing risk, lucky, etc. (but that all are just 20% , a random)
And rest 80% game is played by time, helping them win sooner or later.. Simple best practices help them get time more strongly in their favour.
Good that we say EBM and whole science is 1% of knowledge, rest 99% yet to be discovered and that's where lots of good/bad (benefits and harms to patients) happen but it's mainly time game at play after applying all the little amount of deployable science we have (medical knowledge doubles every 72 days but deployable knowledge doesn't change so fast when we look both the best available evidence {1/2 goes wrong every 5 year} and available resources to help practice any among many of the best/better possible things.)
The technology software in world for data , evidence, and analytics (Bloomberg terminal) and the best (complexity ranging from zero to 100%) techniques as quant/algo or human mind (precision) have things that are futuristic in medicine like whole environment data , or whole past data (womb to tomb) etc. Are available but as human behavior/human psychology / mass psychology / mass psychology built in into the algorithms replacing humans, affect the stock prices alot, they are not exponentially efficient to be accurate at prediciting future price, nor exponentially efficient to generate higher returns..
And the catch is 1) into this image below
2) into inability of all these combined together and analysed with current analytics to capture the uncertainty of human mind/life & interactions in the biosphere.
- a screenshot of best software available
Do this very low level analytics help in making time in our favour?
- yes. Tremendously
Do simplicity win in long run
- yes. Without overcomplicating it can give decent returns and prevent big damages.
can time be an enemy too? (yes. especially when analytics is wrong. diagnosis or wrong harmful treatment may harm, and for diseases where prognosis is know to be bad as not much possible to do, then also time is enemy and in later case we may have no control)
not finding the triangle, it basically says, more advanced technique gives more reward but with more risk. so net gain is not exponentially high in general.
its very important skill to develop psychology to match with time game, else there will be again just losses/damages.
RB - 👍👏
RB - May need a break down of the image to simplify it for a larger audience?
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