Originally Posted by
terry0222
There is minuscule evidence that anyone can make trading decisions that allow them to outperform the major indices, e.g. S&P 500. Although money managers charge high fees and claim to be able to 'outperform the market', there is virtually zero evidence that this can be accomplished in the long term. Money managers basically have the legal right to steal money, because they bring NOTHING to the table.
Granted, a very, very few seem to be able to accomplish this, that is, outperform market averages over time. (Warren Buffet comes to mind). But I think that those few who actually out-perform the averages are like the professional baseball player. That is....so many aspire to greatness, but so few have the skills to actually achieve greatness. In general, the reports that you see and hear to explain (and predict) market moves is pure babble.
I would say that traders who look for pricing discrepancies to set up profitable hedge trades appear to be able to be profitable in the long term. But, that's a beast all to itself.
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