Re: Non self weighting stock market strategies
There are thousands of professional money managers, a small sample will do well by random chance. If you take 1,000 monkies and have them predict a coin flip at the end of 1,000 coin flips one may do well enough to get on PBS as an expert coin flip predictor, but this does not prove he is an expert coin flip predictor.
Too many individuals kid themselves into believing they can substantially beat the market picking individual stocks. Some will, but the vast majority are best served by emulating the market averages.
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