> A common misconception is that the market cannot be predicted and that hedge fund managers are no better than dart-throwing monkeys. Many academic research papers back up this claim with data.
That's not exactly what the research says. It says that fund managers ask for more in fees than they earn you back in capital gains.
(Which is obvious: if they couldn't charge their customers more than they earn, they wouldn't offer their services in the first place -- they would just invest on their own.)
That's not exactly what the research says. It says that fund managers ask for more in fees than they earn you back in capital gains.
(Which is obvious: if they couldn't charge their customers more than they earn, they wouldn't offer their services in the first place -- they would just invest on their own.)