Met an equities broker dealer who didn’t know what the Sharpe ratio is. Told them S&P has never beat its 1929 high adjusted for money supply, was met with confused muttering, NPC.exe has stopped responding.

You’re crushing it, anon.

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Thanks anon. I don't even have to do statistical analysis or debunk modern financial guru's like you have clearly shamed. I simply convert fiat to hard money and cold store. Job done.

Stay humble & stack sats

With respect, I kind of hate that platitude. It's as plain as day that that is the correct course of action that I find it kind of insulting to be that way advised. Others, of course, are not so well informed, so ultimately, I agree with your advise👍🏻.

Can only imagine how my experience in an MBA program will be like.

Hell

😂

Isn't the Sharpe rstio anyhow useless. The risk free rate of return is defined as T Bills. Like most financial models, they are abstract mathematical garbage.

They brought up “too volatile”

I agree though, volatility=risk is moronic framing. But given their job, it’s a concept they *should absolutely know* and I thought they would. Was trying to be accommodating to their fiat finance perspective.