You, investor, are a sucker: part 2
Posted by Graeme in Business & Investment at 5:46 pm on Wednesday, 25 July 2007
Richard Beddard’s response to my previous post, is not the end of the argument, although I will go along with his approach and answer his questionnaire.
My view of what it takes to out-perform is not very different from Richard’s, but it is an arithmetical necessity that most investors will not out-perform. I am very skeptical of anyone who claims that they are in the minority who can reliably do so. (more…)
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