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Can you explain how that impacts my mental model / questions? Are you pointing out that some companies may be barely affected by coronavirus and some a lot?
by bo1024 7y ago
Can you explain how that impacts my mental model / questions? Are you pointing out that some companies may be barely affected by coronavirus and some a lot?
- crystaldev 7y agoYes, and also some companies may be affected more by their own fortunes, or the fortunes of their particular industry, than by the mood of a monolithic "market."
- Scarblac 7y agoBut it seems to be accepted wisdom nowadays that nobody can pick stocks and beat the average consistently. So what a large chunk of the market ends up doing is buying index trackers or achieving the same goal by spreading investments as widely as possible.
- perl4ever 7y agoThe nice thing about indexes is there are so many of them... I read somewhere there are actually more ETFs now than individual stocks.