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It'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
by marketgod 8y ago
It'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.