I worked on Wall Street starting in the mid 80s and with and on trading desks since the mid 90s. I've built the technology for equity trading desks and program trading desks. I was the business manager for a couple of program trading desks. I've created trading products (most notably a dark pool that mixed retail and institutional order flow).
I am a big believer that individual investors can't beat CAPM and shouldn't be picking stocks. I think the ideal portfolio is a mix of treasuries, equity and debt index funds, and angel investments.
I am a big believer that individual investors can't beat CAPM and shouldn't be picking stocks. I think the ideal portfolio is a mix of treasuries, equity and debt index funds, and angel investments.