Quote of the Day

I can virtually assure you, any ad for a sure fire investing/trading system isn’t worth the cost of whatever medium utilized to bring it to you (in the olden days we said “the paper it’s printed on”).

Why? Because the system’s seller wants to, well, sell it you. I.e., the person is out to make a buck. I mean, if the system works, the last thing in the world it’s inventor would do is advertise it.

Per this quote from Rishi K. Narang’s revealing Inside the Black Box: The Simple Truth About Quantitative Trading 

“I’d sell you my kids before I’d sell you my data, and I’m not selling you my kids.”

—Anonymous quantitative futures trader 

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