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You're arguing for strong market efficiency. There's nothing wrong with index funds, but that doesn't explain why Graham, Dodd, Buffet, and similar investors ha
by cheriot 13y ago
You're arguing for strong market efficiency. There's nothing wrong with index funds, but that doesn't explain why Graham, Dodd, Buffet, and similar investors have out performed market indexes for so long.
- erikpukinskis 13y agoA stopped clock is right twice a day. If you compare random subsets of index funds (i.e. take a random half of the stocks in the fund and call those a new fund), some of those will consistently outperform the indexes too.