The Speculation Blues: Animated Version
DISCLOSURES:
This song is provided for educational and entertainment purposes only. The lyrics reflect opinions and incorporate artistic expression, humor, generalizations and hyperbole. Statements regarding investing, trading, diversification, indexing or market behavior should not be interpreted as guarantees or predictions of future results or as individualized investment advice or recommendations. All investing involves risk, including the possible loss of principal. Diversification does not guarantee a profit or protect against loss. Past performance does not guarantee future results.
The Speculation Blues
By: Mark Hebner
Fast money lures you to be active, but history proves you're better off passive.
Scholars came to a harsh conclusion. The active is just an illusion.
The market gamble is an addiction. You'll never find that winning prediction.
Traders in news like a school of piranha while indexers rest in a trade-less nirvana.
They laid down all tomorrow's news.
We'll surely bring on The Speculation Blues.
Scholars toiling at universities showed risk is just probabilities.
They said you'd better diversify and bid your broker a sweet goodbye.
Traders should learn from the laureates, but they keep making those long and short bets.
Learn the efficient market hypothesis. You won't be fooled by the randomness.
Stockaholics search for the winners to choose,
but end up crying The Speculation Blues.
Forget about Cramer, Morgan, or Lynch. You're better with Bogle, Booth, Fama, or French.
The wisdom of crowds across the land. Acts like the invisible hand.
Everyone knows there ain't no free lunch, but pickers keep betting it all on a hunch.
Your broker is buying himself a fine yacht. You're getting nothing from stocks that he bought.
Stock gambling hits like too much booze
leaving you saying The Speculation blues.
Timers dream of a killin' trend, but buy and hold wins out in the end.
Managers just trade like taxes don't matter, but trading just makes Uncle Sam fatter.
Silent partners, feast on active investors, but take the least from savvy indexers.
Traders think money grows from speculation. Indexers know it's risk compensation.
Guessing online at tomorrow's news,
leads gamblers into The Speculation Blues.
The Speculation Blues.
The Speculation Blues.
Before you invest your hard earned green, learn the variance and the mean.
The smart money man is better served by checking out how the bell is curved.
When it's skinny and the average is high, traders can't beat it, however they try.
Risk takers must know their capacity. Then wait for the payout. With true tenacity.
While the passives relax on a tropical cruise,
the active are singing The Speculation Blues.
The Speculation Blues.
The Speculation Blues.
While the passives relax on a tropical cruise,
the active are singing The Speculation Blues
The Speculation Blues.
The Speculation Blues.
