Re: Why Mutual Funds are better than Index Funds
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if you have a thousand people flip a coin 8 times, one is likely to get all heads
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yes, and we will put that person's picture on the cover of Barron's and we will write a feature story about his coin flipping technique...and he will explain to us that most coin flippers put too much wrist action into their flips, whereas he ascribes to the view that elbow action is key to coin flipping success...and the public will idolize him for his insight and ability...and he will buy a house in the Hamptons, drive a ferrari and retire at age 40. [img]/images/graemlins/cool.gif[/img]
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