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A Random Walk Down Wallstreet illustrates it is luck. To claim it is skill is survivor bias.
by zeckalpha 5y ago
A Random Walk Down Wallstreet illustrates it is luck. To claim it is skill is survivor bias.
- acdha 5y agoThat’s not quite right: that book is about consistently, significantly outperforming the market. That doesn’t mean that you can’t invest and see consistent solid returns, unlike gambling, but sets a ceiling on how much you can sustainably expect.