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Technology Stocks : Dell Technologies Inc.
DELL 133.78-0.1%Nov 14 9:30 AM EST
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To: Meathead who wrote (25039)12/13/1997 9:09:00 PM
From: Bearded One  Read Replies (1) of 176387
 
Take 128 managers. Have them do completely random trades. After one year, 64 of them will beat the average, 64 will do worse. Forget the 64 who did worse. Have the remaining 64 do random trades again. After one year, 32 of them will beat the average, 32 will do worse. Forget the 32 who did worse. After another year, you'll have 16 surviving managers, another year you'll have 8, another year you'll have 4. Those 4 managers will have outperformed the market 5 years in a row. Give them all big bonuses, put their faces on the cover of magazines, and interview them on CNBC.

I'm sure they're all nice, smart people. And I happen to agree that electronic business is going to be wonderful. Doesn't mean we're not in Bear territory.
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