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The last ten could have been smart enough to further research the
suggestions given to them. One moral is that systems must be
continously refined. Most systems will not always work but let's assume
one can get them to work for about 10 weeks like in your example...
The mock stock market trade I mentioned earlier started with $100,000
each. After 1.5 weeks, this guy has $1.9M. Maybe he doesn't get this
performance always and maybe he is not playing fairly (I have my own
theories as to how he achieved this) but look at the results in such a
short time!
Edwin
> -----Original Message-----
> From: diamond [SMTP:diamond@xxxxxxxxxxxx]
> Sent: Tuesday, February 10, 1998 4:23 PM
> To: MetaStock-list
> Subject: Useless Story
>
> A golf instructor told me this story about a newsletter stock picker
> guru.
>
> A stock picker guru writes a newsletter that he sends off to 10'000
> customers each week. Each week he picks ten sure winner stocks that he
> says
> are going to go up that week. (And everyone pays for the weekly
> newsletter.)
>
> When the week is finished, he had guessed five winners and five
> losers.
> 5'000 customers of his newsletter had, by chance, bought stocks on the
> winning side of his calls so they take his newsletter another week.
> The
> other 5'000 customers had, by chance, bought stocks on the losing
> side, so
> they drop his newsletter.
>
> The next week the same thing happens, he had guessed five winners and
> five
> losers. Again, half his customers are winners a second time and they
> send
> in their money, the other half are losers, so they drop his
> newsletter.
>
> This same thing goes on week after week, 2'500 winners, 1'250 winners,
> 625
> winners, 312 winners, 156 winners, 78 winners, 39 winners, 19 winners,
> 10
> winners.
>
> Those last ten newsletter customers are going to swear to you that
> this
> stock picker guru is a genius because he has picked winning stocks for
> 10
> weeks in a row.
>
>
> When I heard about the E-Trade contest and how some contestants were
> doing
> so well, I thought of this story. There is a moral here somewhere, but
> I'm
> not sure just what it is.
>
>
> Regards
> Zane Kori
>
> (Disclaimer: This story is to entertain, not offend.)
>
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