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Then you better not buy index funds. Those are basically trend-following systems over the long term. And there is statistical data to back up that trend follow
by steveplace 18y ago
Then you better not buy index funds. Those are basically trend-following systems over the long term.
And there is statistical data to back up that trend following does work.
- jcl 18y agoI think he means that there is no theoretical basis for a long-term system that claims to beat the indexes. Index funds don't, by definition.