[lxgr]

> The nicest houses I know are owned by traders who know how to use technical analysis.

One interesting thing about the stock market is that it’s entirely possible to be successful in it, attributing that success to strategy X, yet to be completely wrong about that.

It’s actually not limited to the stock market – there’s tons of professionals out there that are completely unaware of why what they do works. This makes many people nervous, and they try to come up with a rationalization or mental model for it, and sometimes they get it completely wrong.

[arde]

Extreme luck is indistinguishable from proficiency. Or magic, for that matter.