3 ms·
> How can an industry that does no better than chance on average continue to exist? The average Joe does not know that.
by sumedh 13y ago
> How can an industry that does no better than chance on average continue to exist?
The average Joe does not know that.
- ForHackernews 13y agoNot just average Joes. Lots of extremely wealthy people put their money in actively-managed hedge funds that also underperform the market: http://www.bloomberg.com/news/2013-12-06/hedge-funds-trail-stocks-by-the-widest-margin-since-2005.html http://www.bloomberg.com/news/2013-12-06/hedge-funds-trail-s...