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Of course it's not hard to find stocks today that went up over 72% in the PREVIOUS 10 years. That's not the problem. The problem is how do you pick the ones th
by pembrook 10y ago
Of course it's not hard to find stocks today that went up over 72% in the PREVIOUS 10 years. That's not the problem.
The problem is how do you pick the ones that will beat the market beforehand, when everybody has access to the same information about the prospects for future growth & earnings?
It's been proven by hundreds of studies to be a statistical near-impossibility over long periods of time. Any outperformance over the short term can be mathematically reframed as random luck (which a retail investor like you and I will incorrectly attribute to being the result of our own abilities).