Well /biz?
A monkey throwing darts at a board covered in stocks has better chances of picking a winner than an active manager does.
>>1724522
That's not true. While the numbers were close and the monkeys do sometimes perform better, overall managers still perform better.
>>1724522
Everyone on Wall Street is so brilliant that their brilliance offsets each other.
>>1724522
I'm sure the scientists were investing their life savings based on whatever the monkeys were buying and not having their pensions managed by a hedge fund
I see these stats thrown around a lot, but there is such a thing as a winning active strategy. Look at guys like Peter Lynch. Those kinds of returns over that long a period could not have happened by chance.
>>1724522
Prove that happened.
>>1724522
>I see these stats thrown around a lot, but there is such a thing as a winning active strategy. Look at guys like Peter Lynch. Those kinds of returns over that long a period could not have happened by chance.
Peter Lynch.......LOL
He has to work for a living, just like everyone else.
The number one rule of finance is, never take financial advice from someone who has to work for a living.
>>1724522
Relly makes you ponder