111.6yr1VictimOfAmerikkka in personalfinanceBeating the marketcross-posted from: https://lemmygrad.ml/post/4352701 Beating the market
davel - 1.6yrThis graph seems to imply an analogy, but AFAICT it doesn’t actually make one. In the case of a coin with a heads bias, the winning move is to always call heads. In the case of the stock market, those who consistently beat it are those who control it. For instance: Members of Congress outperformed the S&P 500—sometimes by huge amounts 2
VictimOfAmerikkka in personalfinance
Beating the market
cross-posted from: https://lemmygrad.ml/post/4352701
This graph seems to imply an analogy, but AFAICT it doesn’t actually make one.
In the case of a coin with a heads bias, the winning move is to always call heads.
In the case of the stock market, those who consistently beat it are those who control it. For instance: Members of Congress outperformed the S&P 500—sometimes by huge amounts