when did you know?, page-59

  1. 550 Posts.
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    I just feel you loose your edge when you do a degree in finance. Unless you are Warren Buffett. You know you have to define yourself from the pack and speaking with people who have a Bachelor or Masters of commerce, just seem formulaic in their approach to stock picking. Look at Soros studied under Karl Popper a very unconventional philosopher at the time, Buffett studied under Graham, once again not the most conventional stock picker around. You need an edge in this game otherwise you are just following the pack. All these models insto's use are public domain, if you learn it at uni everyone is else is doing it rest assured. Models have value, but they don't operate in financial vacuums. Governments can destroy a company's competitive advantage in one foul swoop, i.e TAH, TTS, SIP. How do you account for that in a model? Hard work.

    Idle musings for a Sunday and off topic but hey.
 
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