3 ms·
So what you're saying is that it may (or may not) be possible for an individual inevstor to consistently beat the market through skill, but that it is impossibl
by marvin 13y ago
So what you're saying is that it may (or may not) be possible for an individual inevstor to consistently beat the market through skill, but that it is impossible to verify whether an investor who beat the market is in fact skilled or just lucky.
- jacques_chester 13y agoI guess so. Naturally I secretly suspect in my heart of hearts that I am smart enough to out-perform the market ...
- marvin 13y agoIf you believe Buffett's thesis that skilled value investors who do their homework consistently beat the market, it stands to reason that there should also be other strategies that consistently beat the market (let's say over 20 years or so). It also stands to reason that value investing, since it is such a heavily publicized strategy, probably does not beat the market today, since it is such a widely published and acknowledged strategy.