Friday, September 18, 2009

Quant-Free Investment Analysis

If, starting in 1985 or so, a speculator had reacted to every increase in the stock of credibility given the New York Jets by the public, especially the tristate area public, by shorting the Jets in every manner possible and to the full extent of his capital, that person would be doing about as well as Warren Buffett right now.

Jets' futures have seen a sharp rise in the past week in active trading on the Loud Opinion Exchange. The Pats are only giving them three and a half points. Draw your own conclusions.

I should add that the phrase "past performance is no guarantee of future results" is a legal disclaimer, not scientific truth. Sometimes, in fact most of the time, past performance is a damn fine guarantee of future results.


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