4 ms·
Buffet, Monger, Pabrai, Town, etc. This is an old theory that's been bashed quite a bit. There are many people who have and do beat the market continually.
by KerryJones 8y ago
Buffet, Monger, Pabrai, Town, etc. This is an old theory that's been bashed quite a bit. There are many people who have and do beat the market continually.
- marketgod 8y agoIt's so strange that people think you can't beat the market. I think it has to do with reading the opinions of people who failed to beat it rather than focusing on the people who can and are beating it.
- jakobov 8y agoYeah totally.. You can also win the lottery, thats why i recommend people buy lottery tickets. If you don't believe me google it, lots of people do it.
- marketgod 8y agoYeah lottery is a crap shoot. The market is a skill. If a person were to equate a lottery to the market, then they have a lot of reading to do. See poor people buy the lottery tickets because they have no hope and see it as a way out. The stock market is the rich person's backyard. The lottery is in a way, a tax on the poor.
- KerryJones 8y agoRight, and buffet acknowledged this. It's the "monkey flipping coin" theory -- some amount of them will win. Here's the speech: https://docs.google.com/viewer?url=http://www.tilsonfunds.com/superinvestors.pdf https://docs.google.com/viewer?url=http://www.tilsonfunds.co... 9 "Superinvestors" all using the same method of evaluating crushed the market for over 30 years straight. That's mathematically improbably to the highest degree.
- dontbenebby 8y agoActually Buffet won a million dollar bet against a hedge fund manager by placing his money into an S&P 500 index: https://www.investopedia.com/articles/investing/030916/buffetts-bet-hedge-funds-year-eight-brka-brkb.asp https://www.investopedia.com/articles/investing/030916/buffe...
- KerryJones 8y agoSure, against a hedge fund, because they take 2% fees, which has huge implications.