Pattern Matching Beats Narrative Reasoning
13 points by tosh 2 hours ago | 2 comments

dash2 43 minutes ago
>For example, “You can’t beat the market, dollar-cost average into index funds!” is the kind of viral story that will earn you nods of approval from millennials and upvotes on Reddit.

>Pattern matching, on the other hand, can drive you to make moves like an advanced chess engine. Moves that others find alien and incomprehensible.

Sure. Index funds is a viral story which has a lot of rigorous data behind it. As for the advanced chess engine of intuition... ever heard of Fooled By Randomness?

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incognition 8 minutes ago
exactly. If you're engaging in a market, realize that approximately 90% of active participants will lose money in an efficient market.
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