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> If half beat the market in a year and half don’t As per this article, that wouldn't happen: more than half of the bots would fail to beat the market. This a
by Majromax 7y ago
> If half beat the market in a year and half don’t
As per this article, that wouldn't happen: more than half of the bots would fail to beat the market.
This article finds that the vast majority of the positive return is explained by relatively few stocks, leading to a positive skewness. The median random choice has a below-mean outcome.
- Scoundreller 7y agoRight. Regression toward the mean is inevitable. But I think people appreciate a story about picking the right stock more than the right stocks, which helps that problem.