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   phiofx (phiofx@hachyderm.io)'s status on Tuesday, 06-Feb-2024 16:38:32 JST phiofx

   in reply to

   • Martin Rundkvist

   @mrundkvist and every once in a while doing better than the general stock market index does not mean much

   • Embed this notice
     Martin Rundkvist (mrundkvist@archaeo.social)'s status on Tuesday, 06-Feb-2024 16:38:34 JST Martin Rundkvist

     Most investment funds perform worse than the general stock market index. It is a lottery. For statistical reasons, a few participants always come out ahead. We call them "shrewd investors". Our only way of identifying such a random "shrewd investor" is that they have come out ahead.

     #investment #money