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yes, but i would just amend your prelude to "i'll leave it to professionals to allocate my capital efficiently...". some folks might know how to calculate an ef
by clairity 8y ago
yes, but i would just amend your prelude to "i'll leave it to professionals to allocate my capital efficiently...". some folks might know how to calculate an efficient portfolio, but may not want to manage such a thing (tracking dozens/hundreds of equities and adjusting periodically).
interestingly, like other industries, there's a tension between available surplus and efficiency in finance. the less money siphoned off by active fund managers, the more efficient the market.
- kuhhk 8y ago> but may not want to manage such a thing This is exactly where my mind is at. I know how to diversify, allocate, and adjust an efficient portfolio, but I don't want to do it myself. Same reason why I use managed services in IT ... I know how to run a mail server, web server, frontend, backend, etc, but I still use managed services (gmail, dropbox, squarespace, etc) to do it for me, because I'm optimizing for my time.