Oct 14, 2009 09:11
"97% of all professional investors do not beat a “monkey”"
Malkiel B., “Random Walk Down Wall Street” (2003).
"99% of all investors who beat the market are “lucky fools”"
Taleb N., “Fooled by randomness” (2005).
So, 3 out of 10000 investors must be “smart monkeys”, “unlucky fools” or, simply, competent…
Unclear opportunities...
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