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Messing Up the Closest Thing to a Sure Thing in the Stock Market - WSJ
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TL;DR The Boglehead boring way is the way to outperform everyone else, including professionals, and get rich.
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Love this quote "But what’s the fun in that? Can you endure a lifetime of barbecues and cocktail parties where other people brag about their winning trades and all you can do is mutter, “Umm, I own index funds and I haven’t made a trade in a decade”?"
Also, thanks OP for posing a no paywall link
Why is Firefox's market share at 2.54%. Pretty sure it used to be higher. What happened?
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Is firefox not being used anymore?
Top Comment: A lot of browsing are happening on phones and tablets, which mainly use chrome, or Safari. Even some apps are just a web browser, chromium based. Desktop usage is either Edge, or Chrome, because people either don't care, or companies force them. It's just private users that are using Firefox.
How to make sure the business you are doing has need and want in the market? Whether you are selling any service or product?
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I am working on my business. I am working, i am working and suddenly i get this thought, do people even want my service? Is there any need for my service? Are there any customers for this?
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From my experience, validate the need for your service directly with potential customers:
- Interview people who would use your service. Gauge their interest.
- Create a basic MVP to demo and get feedback. See if people will try or buy it.
- Check online forums related to your service area. Look for people with problems you could solve.
- Run small targeted ads to test demand and interest.
- Do pre-sales or waitlists to confirm demand before fully building your product.
Validating the market need will give you clarity to confidently move forward.
Data is a hot market they said. Sure, say that to us who have been unemployed for more than 8 months
Main Post: Data is a hot market they said. Sure, say that to us who have been unemployed for more than 8 months
Top Comment: "The market" is way too general. I always tell people this, look in industries that are less "cool". Healthcare and non-profits. They have so much data and so few people who know what to do with it. I feel like it gets overlookeda lot, or the demand is just that high. Look for jobs in small counties, especially. Really hurting for talent. Talk to local police departments, public health, public works, fire departments, jails, mental health / substance abuse workers, hospitals ... any place that gets money from grants. The data can be very rich, lot of low hanging fruit that makes anyone half-way competent look like a wizard. Call the places I mentioned and ask for their "data person". If they aren't looking for anyone, I feel like there's a 99% chance they know someone who is. The work is incredibly satisfying and meaningful as well, if you are into that sort of thing. You'll likely need to build your own pipelines and figure out your own automation. I find it extremely fun, and your resume might struggle to contain your quantified achievements after a couple years. EDIT: Forgot, but whated to also mention another place if you live in the US. Your state's department of health also has a very good view of which counties are struggling with their data. Could give you another lead if "making a difference" is somewhere on your goals. I know you're really hurting for work so that likely isn't high on your priorities, but just mentioning it for you and anyone else reading.
[C] No luck in the market. Not sure whether to pursue a statistics MS or not
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Hi I hope this is an appropriate place to ask this question
I have interest in statistics and have always liked working with numbers, understanding how things work, and applying that to interesting contexts. I already have a bachelor's in math and have taken a couple statistics courses and done some self learning projects etc. over the last 2 years. I just don't have the 30-50k+ to pursue an MS and it seems it tends to be very uncommon to obtain assistance with that sort of thing.
I also wasn't an outstanding student and obtained a mediocre GPA without doing anything special when I was in college.
I would like to learn more statistics and work in the field at some point. I am currently working on reading/doing problems in Casella & Berger (a surprisingly good book) but it just seems that what you're doing or learning doesn't seem to matter much outside of being in an institution and being officially certified. At least not to the job market.
When I got out of college I ended up in retail and on one hand I see an MS as a path to something more rewarding but on the other hand I'm not sure what to do and I thought asking people in the field would be a good thing to do.
Thanks
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I was in a similar position after my undergraduate, albeit in a market research operations role without any data analysis or statistics and was stuck for a few years. Started a masters in statistics while working and within a year of starting got a job as a data analyst that involves quite a bit of statistical analysis and a 20% pay increase. I'm still a year away from finishing my masters so I'd say it was worth it.
Stock market is rigged for sure
Top Comment: Cheer up, Christmas is just around the corner and since you can't afford to buy gifts any more you can save a lot of time not shopping.
The market is overvalued, sure. But check this out.
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The correlation between cyclically adjusted price-to-earnings and future 10-year returns is basically useless. This might be useful for those who are considering jumping out because the P/E is 30. We can’t get a full conclusion from one graphic, but it definitely provides interesting information. So be careful, but don’t stay out?
Top Comment: Speak as you might to a young child or a golden retriever. Trust me, it wasn’t brains that got me here.