Re: POKER VS STOCKS
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The highest four year annulized return on marketocracy is 42% (ist.martin ORR 411.65%), far short of 100% or even 400% per year. And out of thousands of portfolios, it's reasonable to assume that statistical variation would produce one lucky enough to do 42% per year.
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Just to clarify, I pointed to Marketocracy as an example of many beating the indexes. Not as an example of potential day trading profits!
Its worth noting that the marketocracy ports must comply with "mutual fund" type rules, have high transaction costs and a management fee built in, and are "long only".
In spite of all those limitations, a large percentage of those ports beat the indexes.
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