--Excellent point, shres! IOW, kirk only believes the "experts" when he WANTS to believe the experts.
IOW, when he wants to bash brinker, he cites the experts. Otherwise, he ignores them! -:)
kirk responded:
<<What nonsense!
ALL the investment "experts" say 15 to 20% of mutual fund managers and stock pickers can and do beat the markets over the long haul.>>
--What most experts actually say is that stock picking is a losing game in the long run.
<<To liar dija: I know for a fact you ADMITTED you owned FLPSX because that fund manager had a good long term record. I own the fund too and it continues to crush the averages.>>
--Actually, I never said I owned the fund, and I never did own the fund. I actually thought you were foolish to buy such a bloated fund that was restricted to buying low-priced stocks.
I think the reason you are confused is that you and I used to argue with bernardo, who maintained that any mutual fund manager who beat the indexes over a period of time was simply lucky, and that due to the large number of MF managers a few were bound to beat it, just by the laws of probability. You and I argued that a few managers, such as Bill Miller and Joel Tillinghast, were NOT just lucky.
But that doesn't change the fact that most experts agree with bernardo.
<< You also once complimented me on being good like the fund manager of FLPSX. So, you have let your hatred lead you to lie AGAIN because I doubt you forgot you owned that managed fund.>>
--Again, I never owned that fund. But I DO own several funds whose managers have beaten the indexes over long periods of time.
<<shres and dija have zero credibility and either lie or are just too ignorant of basic economic theory to take seriously. Either that or their hatred for me trumps common sense.>>
--I don't hate you. Why would I hate you? |
