Jan 15
Professional Investors Know Better – Are You Kidding?
Step 3 of “The Big Investing Lie” goes like this. “If professional investors know how to get better investment performance, then their performance as a group ought to be better than everybody else’s, right?”
Is the following true?
“Professional investors and everybody else together make up the total market, so if professional investors outperform everybody else, then they must outperform the market.” Page 89 of Michael Edesess’ book.
Let that logic soak in for a few minutes. Edesess is on to something.
Lowell Herr
Premium subscription available for $6.99 per month.