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Given the statistics and number of investors involved, it seems like an absolute certainty that a few people would beat the index for the entirety of their live
by p_j_w 2y ago
Given the statistics and number of investors involved, it seems like an absolute certainty that a few people would beat the index for the entirety of their lives simply by chance.
- Findeton 2y agoYes some people might do it by chance. Some other people, they do it by knowledge.
- sdenton4 2y agoFind me the one who knows they got there by chance alone... It's very easy to create a narrative around random movements. I expect that anyone who is ahead of the market creates such a narrative, and declare themselves a genius. And then half of the geniuses underperform each year, same as every year...
- p_j_w 2y agoHow do you tell one from the other?
- Findeton 2y agoYou learn enough about value investing to know who is actually following that framework and then you just hope it works. Note: it works.