Re: Another book question
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To outperform, you need either inside information or access to the trading desks at the big brokerage houses.
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Why do you think that access to trading desks is going to help you with long term investments?? Specifically, what information do you think those traders possess that gives them an edge in long term investing? (I will note that knowledge of order flow does give them an advantage in short term trading)
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Fama and French have a bunch of Nobel prize winning economists they run around with who say the same thing,
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Fama is also the director of research of Dimensional Fund Advisors, Inc., an investment advising firm with $69 billion under management Obviously, they have convinced a few people that they can beat the indexes [img]/images/graemlins/wink.gif[/img]
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