Ask Michael Burke Message Board

STOCKTALK

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.

Politics : Ask Michael Burke

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: accountclosed who wrote (48049)	2/20/1999 12:38:00 PM
From: BGR	Read Replies (1) of 132070

Antoine, It has it's use for me. Only in an inefficient market can the average investor hope to beat the risk-adjusted return of the indices as (s)he may have superior information or interpretation. But not in a market like this IMO. So, indexing is superior to other investment strategies in this situation, as is clear from the past few years' market data. The central tenet of being a contrarian is that the contratian is smarter than the aggregate market. Well, the EMH implies that when there is efficiency in the market, the contrarian is more often wrong than right (but not in an inefficient market). As for shorting, the funds can always short the futures. -BGR.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next