Can you do it for years though? How about decades?
The evidence is that even the Harvard-trained finance grads, best of their class, making 1 million a year, heading the very best funds, with 2nd degrees in mathematics etc., cannot do this.
I almost feel like the discussion at this point should proceed straight to "no anecdotes please, show your work" (evidence, data, the more the better).
The evidence is extremely strong that the index fund strategy vs. human fund managers contest is really just another form of the computer chess strategy vs. human chess player one (or Go, if you prefer that). Just think of it as 'computer game players vs. human game players,' as a category. It really isn't much of a contest in the long term.
The computers have been winning, and will continue to win, as history is ever more on their side.
The evidence is that even the Harvard-trained finance grads, best of their class, making 1 million a year, heading the very best funds, with 2nd degrees in mathematics etc., cannot do this.
I almost feel like the discussion at this point should proceed straight to "no anecdotes please, show your work" (evidence, data, the more the better).
The evidence is extremely strong that the index fund strategy vs. human fund managers contest is really just another form of the computer chess strategy vs. human chess player one (or Go, if you prefer that). Just think of it as 'computer game players vs. human game players,' as a category. It really isn't much of a contest in the long term.
The computers have been winning, and will continue to win, as history is ever more on their side.