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Being able to consistently beat the market--for example, to be able to easily and confidently identify times when "stocks now are totally over priced"--is an en
by enoch_r 13y ago
Being able to consistently beat the market--for example, to be able to easily and confidently identify times when "stocks now are totally over priced"--is an enormously valuable skill.
I mean, plenty of people say that stocks are over- or under-priced. But study after study shows that their predictions, on average, fail to beat the market. Study after study shows that someone whose predictions or buys were better than average one year fail to beat the market the next year. Study after study shows that market timing does not work.
I'm not trying to be a jerk, but it always baffles me when highly intelligent, scientifically-minded people completely ignore the vast stores of evidence we've gathered about their likelihood of beating the market.