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This is false. If you work in the industry there are consistent winners.
by internetslave 6y ago
This is false. If you work in the industry there are consistent winners.
- JKCalhoun 6y agoAnd, as I understand from Bogle's (admittedly dated) book, when that happens everyone rushes into the fund and it begins to underperform due to its increased weight/influence (see Peter Lynch's Magellan Fund).
- internetslave 6y agoNo. Some portfolio managers are just good. This whole no one can beat the market is non sense.