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Why it's so hard to beat the market (Wisdom of Crowds)
- Thread starter Steve Ladd
- Start date
https://www.institutionalinvestor.com/article/b151340bp779jn/the-secret-world-of-jim-simons
Those who think outside the bun might do better than the masses.
Those who think outside the bun might do better than the masses.
Buying an index alone is not a fool-proof plan. There could be lost decades (think of Japan, US in 2000s, Sngapore in 2007 till now). There could be massive drops and you may require the capital at worst possible time which require you to liquidate when things are undervalued. In a nutshell, you shouldn't buy the index blindly. Instead, diversify across asset classes and strategies. That would help you to avoid irrecoverable losses.
that's nice, so what answer to you have to offer as to why traders fail?I googled Dr. Dean Handley scam. Not the most credible source for trading advice IMHO
In terms of being most shit upon, that would be Alex Wasileswki for his scams in Puretick (voted #1 scam of all time by Elite Trader),
his corrupt dealings with felons
(
and his corrupt Dow Daddy room
(
of course then followed by 500 more sites (https://www.youtube.com/channel/UCEM7BtG8lO8t0J5qUmwwgXg/videos?view=0&sort=p&flow=grid.).
And ps_ Calhoun is intivted to re-butt comments made against him and his sales room sites, We could discuss Felton as well.
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I have traded with 3 robots in real time, forward walk trading that aver $1189/d for the last 173 days. Making $205K in 10 months seems like beating the vague and not well defined.How do you beat something that is so vague and not well defined?
Oh you beat the S&P 500 performance over 5 years? You would be better longing QQQ.
Oh you beat longing QQQ? TQQQ crush you.
Oh you beat TQQQ? You must be lucky and just longing a bunch of beta and run good.
you had 26 posts yesterday alone - same as the day before and before - you are a cyber stalker - get a life - stop stalking us.Exactly. There is nothing to "beat". Why is that considered important in the grand scheme of things? Who cares about "beating it"? Just go with the flow, man.
%%Try the best to be on the market side but it's not easy. The market is irrational but it is what it is. A promise of good vaccine against COVID-19 is enough to spike those industries affected by the virus.
ONE of the better benchmarks/SPY/S&P 500;
has no commissions/no slippage, so thats another reason.
AND then there are plenty players like the couple that called in to Dave Ramsey.The sold this year in MARCH\ 2020\pretty close to the lows...……………………………………………………………………….
BUT they had $900,000 left off a bad mistake.
"Net of transaction costs/fees, the average fully invested market participant will exactly match their benchmark, if it is the perfect benchmark for that investor (an impossible ideal but close enough to reality IMO), IF by average you mean "arithmetic mean". If however you mean "median", it can deviate quite a bit.[/QUOTE]"
If the median participant underperforms the benchmark, then most participants underperform, and the relatively few that overperform must overperform more than the underperformers underperform. If such skewing is significant it could help solve the mystery of the relatively few overperformers.
If the median participant underperforms the benchmark, then most participants underperform, and the relatively few that overperform must overperform more than the underperformers underperform. If such skewing is significant it could help solve the mystery of the relatively few overperformers.
Exactly. There is nothing to "beat". Why is that considered important in the grand scheme of things? Who cares about "beating it"? Just go with the flow, man.
because you can instead invest your money in the market and go sit on a beach and drink mohitos all day long.
the market represents some aspect of your opportunity cost.