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I’ll assume they have a higher risk to generate those higher net returns. After recently reading A Random Walk Down a Wall Street, my conclusions are: you are
by madengr 9y ago
I’ll assume they have a higher risk to generate those higher net returns.
After recently reading A Random Walk Down a Wall Street, my conclusions are: you are not going to time the market, the managed funds don’t do any better than index funds. 90% percent of the effort goes into squeezing out an additional 10%. So may as well spend 10% of the effort and settle with 90%. Of course fortunes are made on that 10%.
Joe Blow slinging garbage cans can retire a multimillionaire by steady, passive investing.
- FundThrowaway 9y agoPerhaps read about market neutral strategies, most quant funds have much higher sharpe ratios than index funds.
- madengr 9y agoHa ha, I’m an EE just passively investing extra income. Nothing more than a side interest. I assume you are talking about using higher volatility stocks with negative correlations; he talks about that in the aforementioned book.