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    mullets4everAndrew Paul
    10/22/19 2:42pm

    there have been more than a few reviews over the years that suggest that a lot of the supposed managed portfolio types don’t perform better than random chance in a lot of cases, so this isn’t exactly crazy. for the casual investor, just follow the general trends and invest accordingly

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      DJ Burnmullets4ever
      10/22/19 3:49pm

      My dad, a business professor, often told the tale of an expertly-managed portfolio that was outperformed by a guy who pinned the stock page of the newspaper to the wall and threw darts at it. Probably apocryphal but I don’t doubt it could be true. A lot of “experts” don’t really know shit about what they’re supposedly experts in (trust me, I’m one of a team of them).

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      Manny Both-Hanz diedmullets4ever
      10/23/19 10:05am

      Warren Buffet famously bet a million dollars that no managed funds could out perform the market over a ten year period if they had to pick the specific funds in advance. Only one manager took him up on it, and said manager conceded in year nine. 

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    Murry ChangAndrew Paul
    10/22/19 3:31pm

    I had a business school teacher in a 300 level class in college who actually played the ‘Greed is Good’ speech and said ‘This is the motto of all businessmen!’

    He also said that all businesses should be run like Tyco and Enron.  This was right around 2000 so you can figure out how smart he actually was.

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    Stephan ZielinskiAndrew Paul
    10/22/19 4:30pm

    Sure, you could cut back on booze and fast food expenses, but real wealth generation has always resided in breaking into that cornerstone of any healthy capitalist society—

    Inheritance? Colonialism?

    the stock market.

    You have mistaken the diamond for the game of baseball.

    (A recent version of Burton Malkiel’s A Random Walk Down Wall Street should give you all the tools you need to put what capital you can into a low-load index fund and go worry about things you CAN do something about, and explain why this is a better idea than whatever people are trying to sell you.)

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