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They make money through luck. They speak authoritatively out of ignorance. Monkeys rolling dice could do an equally good job, that doesn’t mean you should take
by luffapi 5y ago
They make money through luck. They speak authoritatively out of ignorance. Monkeys rolling dice could do an equally good job, that doesn’t mean you should take advice from a monkey with a gambling problem.
- CyanBird 5y agoWhy delete the reply? It is an accurate angle, albeit inflamatory, after all that was the outcome of the Buffet bet vs HedgeFunds regarding the ROI of index funds But yeah, not sure if id say that they make money through luck "alone", more like they make money through "the aggregate of luck" and very deep pockets which themselves are financed through suprasecular low interest rates, or in the same manner that a Casino will always win in the aggregate
- luffapi 5y agoI didn’t delete my reply, but I totally agree with you.