Piero Bosio Social Web Site Personale

@Viss it's the underlying math that gives us the long-term average of 7% growth per year.

And 17% is better than 7%.

So call it a good year.

2/2

@Viss I was just thinking through the financial theory books I've read. The one most applicable to this was Benoit Mandelbrot on The Misbehavior of Markets: A Fractal View of Financial Turbulence.

It's pretty neat stuff, to learn how the foundations of chaos theory came out of financial markets (iirc a 19th century data series on cotton prices).

My takeaway was that the market moves by big days, some up some down, but consistently over time there are more up than down. 1/2

@Viss The S&P 500 has a 16.8% gain for the year though. That's pretty hard to beat, even with a back step.

Taps the sign:

You can believe that falling birth rate is a problem, or you can believe that humanoid robots will soon be able to do most jobs, but you can't believe both.