Comments by "JP 72" (@739jep) on "Real Estate Investment Trusts (REITs)" video.

Perhaps not but Statistics are a useful tool for evaluating strategies and investigating how the markets behave. They are useful for informing how an investor ought to behave , at least if they want to make evidence based decisions.
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@lorenzmuller3542 no I’m not talking about psychology or behavioural finance- although statistics are undoubtedly useful in their fields as well. Regardless , something being a ‘social science’ doesn’t mean we can’t draw conclusions based on data - otherwise how could psychologists ever be effective? What would be the point of studying economics? Statistics can tell us a lot about the market. For instance it can be demonstrated that prices follow a ‘random walk’ which has very important implications to investors. You can also measure how quickly prices react to news events, how skewed individual stock returns are and you can develop pricing models. The pricing models that have been developed (from the data) are the best models we have to explain asset prices. If you’re against the use of ‘statistics and number crunching’ what is your own personal investing philosophy based on it you don’t mind me asking?
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