Jun. 22 at 4:21 AM
$ORGN - Nice video explaining why professionals rarely outperform broad Index Funds:
https://www.youtube.com/watch?v=5eW6Eagr9XA
It's tempting to think we can, but we can't. There are occasional exceptions, of course, but these are just random events. Over a sufficiently long period of time, the top Fund Managers always UNDERPERFORM whatever market(s) there investments are selected from, when the constant income drag from their management fees is included.
The underlying reason is that the Stock Market fails to meet the criteria required for anyone to develop true expertise, as will become clear if you watch the video.
Coincidentally, it includes a real-world example from my "namesake," Warren Buffet.
Happy Summer Solstice!
