Comment Comment by Ntrails > Investment gains are not workSay, for example, my job is allocating capital across the S&P 500. My work is picking the stocks, the fruits of my labour are excess returns.Are those excess returns not work? What are they? parent Ntrails 4 months ago
Say, for example, my job is allocating capital across the S&P 500. My work is picking the stocks, the fruits of my labour are excess returns.
Are those excess returns not work? What are they?