5 ms·
> I'm a little amazed to see a finance professional recommending things like this when studies repeatedly have shown that picking stocks does not work when you
by mruts 8y ago
> I'm a little amazed to see a finance professional recommending things like this when studies repeatedly have shown that picking stocks does not work when you get a large enough sample size.
If every financial professional believed that, there would no be finance professionals. With me maybe the quote is true "It's hard to make a person understand something when their job depends on them not." I work at a firm that tries to make money for their investors and if I believed it was impossible, I probably wouldn't be working for them in the first place.
In no way am I an unbiased commentator, my livelihood depends on me believing that I can be smarter, than I can be better than everyone else. And while most people can't, many people can. There are a handful of funds that have demonstrated significant outperformance over a long period of time. Funds like RenTech or Bridgewater.