This blog post gives off the impression that you must beat the market to make money. Given the author's CFA and enrollment at a top business school, I'm sure the author knows this isn't true. But if I didn't know much about the stock market, I'd think it was zero-sum just from reading this blog post.
Nevertheless, I agree with the premise of this blog post, but I think the author should put more emphasis on the difference between passive management and active management.
Passively investing makes sense -- you can earn higher returns if you're willing to take on higher risk. Actively investing is what the author and I have issue with -- picking individual companies rather than trading the market as a whole.
Nevertheless, I agree with the premise of this blog post, but I think the author should put more emphasis on the difference between passive management and active management.
Passively investing makes sense -- you can earn higher returns if you're willing to take on higher risk. Actively investing is what the author and I have issue with -- picking individual companies rather than trading the market as a whole.