SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: shades who wrote (67479)8/14/2005 2:16:18 PM
From: Moominoid  Read Replies (1) of 74559
 
A lot of what he says makes sense and for most people who don't have any particular skills or want to invest much time in this the solution is just getting really diversified (as diversified as Yale is). But still it would seem it is not too hard to pick the few active managers that do add value. Trouble is most people don't look at the right data for that, because the funds industry as a whole doesn't want them to look at that.

"starting with the obvious fact that he has a staff that spends full-time researching investment possibilities. Thus, he takes it as a given that individuals shouldn't pick stocks themselves. 'I see every day how competitive the markets are, and how tough. So the idea that you can do this yourself, that's out the window.' "

I've been arguing this for sure. Unless one has particular knowledge in a particular industry combined with financial understanding.

OTOH if technical analysis works then for those who have the skills to use it properly they should be able to get some edge, because of all those that have been brainwashed that it doesn't work.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext