The secret to winning on the stock market is surprisingly simple

[SunTrader]

Simple math: There are ~35,000 high schools in the US. There are 29 NBA teams, each drafts 2 rounds, so every year ~60 gets guaranteed contracts. Assuming each high school graduates 5 serious basketball players aspiring to be pro basketball player, the odds are ~1 in 35,000.

Day trading: 5 out of 100 are profitable. Much better odds.

That's not what I asked. But thanks anyway.

 

[lawrence-lugar]

Fund managers make money by getting investors to invest their money with them to collect fees.

Results are secondary.

Will these geniuses that write stories on them ever understand this. Noooo.

Most fund managers are dumb, they just use their connections and maybe pedigreed backgrounds to convince people/investors they are all geniuses while only matching if not beating or underperforming the market indexes

But hey, if they collect their fees...everything is fine and dandy in their world. That's all that matters, for them.

 

[just21]

"The secret to winning on the stock market is surprisingly simple"

Yes, its called "insider trading"

Too bad I don't know any insiders and am chicken about going to prison.

You can buy after the news is released. This works for takeovers and earnings.

 

[murray t turtle]

Does it mean most race horses (traders) are doomed?

%%
Good question, no because most traders/horses have enough common sense not to bet on a track meet