I couldn't agree more completely. But in the meantime, tipping is the custom and waitstaff is not paid decent wages, so what should we do?dolphinsaremammals wrote:Tipping is a stupid custom, and people should be paid a decent wage.
I was hoping you were right, because I a) love Alice's Adventures in Wonderland and b) love that saying, but I can't find it there, nor in Through the Looking-Glass.DonCamillo wrote:...We Bogleheads love this quote from the White Rabbit in Alice in Wonderland;Don't just do something, stand there!
Which is another way of saying "it's not a random walk, it's much worse than that."Clearly_Irrational wrote:The market isn't actually a random walk, it's a levy flight.baw703916 wrote:If the market follows a random walk, why don't returns follow a normal distribution?