Re: POKER VS STOCKS
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I suggest you take a look at the performance records on marketocracy, for a simple example of many with the demonstrated skill to beat the "baseline" market averages (like the Dow or S&P).
Just like in poker, if you are willing to put in the time to learn "how to do it"... it is "easy".
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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.
Just like poker, being lucky for a time doesn't make you good. Reviewing someone's hand histories is probably a much more accurate way of determining luck vs. good, than short term results.
So if 100% a year is easy, can you tell us how to do it?
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