In an earlier post we established that the odds are heavily against you beating stock market benchmarks investing on your own (You Can’t Beat the Market). After accepting this fact most people’s next thought is to hire someone who can. Is this a wise strategy? Dart Throwing Monkeys In his classic investing book A Random Walk…
Tag: Index Funds
Investing
You Can’t Beat the Market
by
•Who Is Your Competition? Famed hedge fund manager Michael Steinhardt was once asked what the single most important thing an amateur investor could learn from him was. His arrogant but informative answer was “That I’m their competition.” Every time you buy or sell a stock or mutual fund there is someone on the other side…