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>No, if Angel investing didn’t have a commensurate premium, no one would do it. It could be the same thing as (day) trading, where many people overestimate the

• tjs8rj 5y ago
  But it isn’t. There’s entire firms dedicated to it with internal returns far higher than the stock market. There are just shy of an infinite of investments and investing strategies that have beat the s&p in average returns for decades on avg you can construct with historical backtest data without foresight (ie not just picking the winners given hindsight). There are published papers presenting these. In your perspective, is getting rich (or even just doing better than the index over any time period) just a matter of time or luck with no room for any skill? Because the index fund beating all other investments would have that conclusion.