>On the whole, I'd argue strongly that the best someone can hope for in trading in long run to ride the alpha of the market overall - and that's it. (Or again,

>On the whole, I'd argue strongly that the best someone can hope for in trading in long run to ride the alpha of the market overall - and that's it. (Or again, to pursue some very broad strategy without having to pay a private wealth manager fees) Wouldn't there be no such thing as alpha in the overall market, as alpha is the returns outside of the average? Solid points though.