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Why bother? The WSJ Dartboard Contest proves that a boring, geriatric buy & hold investment portfolio outperforms managed portfolios for the average investor, s
by lutusp 14y ago
Why bother? The WSJ Dartboard Contest proves that a boring, geriatric buy & hold investment portfolio outperforms managed portfolios for the average investor, so there's no need to be met -- except to dispel the ignorance of the public about the true role played by stockbrokers (i.e. lining their own pockets at the expense of the untutored investor).
Prove this view wrong -- include in your program a "strategy" that involves buying an index fund and sitting on it. Compare it to the others, as the WSJ contest did. See which approach comes out ahead over time -- as the Dartboard contest proved.
http://online.wsj.com/article/SB10000872396390444024204578044390473058954.html http://online.wsj.com/article/SB1000087239639044402420457804...
Quote: "The darts [i.e. the random stock picks] have historically beaten the readers [i.e. the picks of "experts"], with 28 wins out of 47 contests."
Or is it your plan to make people pay to discover that the simplest strategy is also the best?