azumbeg

4 ms·

1. 1.▲
   by azumbeg 6y ago

   Good point. But it's missed on a lot of people.
2. 2.▲
   by azumbeg 6y ago

   They are always equal with my definition, hence the conclusion that active investors, as a whole, perform substantially worse than the market (net of fees). The equation is derived from the fact that there are fundamentally two investing st
3. 3.▲
   It’s mathematically impossible for active investors to beat the market(medium.com)

   3 points by azumbeg 6y ago|4 comments