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That is a very bold claim. As a counterexample, I bet that some of them are more likely to beat the market than me if I started investing.
by Scea91 9y ago
That is a very bold claim. As a counterexample, I bet that some of them are more likely to beat the market than me if I started investing.
- rayvd 9y agoUnless you invested in the S&P 500 :)
- greenshackle2 9y agoBy managers I mean professional portfolio managers. Individual investors pretty much all do worse than market. EDIT: obviously that means there is skill involved. But it seems that professional managers are close enough in skill that luck is the dominant factor.