top | item 31136273 (no title) coderaptor | 3 years ago When everyone’s settled on maximizing the diversity of their investments, I wonder if the strategy loses viability as an effective hedge. discuss order hn newest throw0101a|3 years ago There will never be a point of time when "everyone" will do it, viz /r/wallstreetbets.It's been known that trying to pick individual stocks is generally a sucker's bet since (at least) 1973, but people still try to do it:* https://en.wikipedia.org/wiki/A_Random_Walk_Down_Wall_Street medvezhenok|3 years ago Same with gambling.You will never get really rich (100M+) without stock picking but you’re going to be better off in the average case by sticking to the index.Similar to working for a startup vs working for a large corporation - working at a startup is like stock picking:)
throw0101a|3 years ago There will never be a point of time when "everyone" will do it, viz /r/wallstreetbets.It's been known that trying to pick individual stocks is generally a sucker's bet since (at least) 1973, but people still try to do it:* https://en.wikipedia.org/wiki/A_Random_Walk_Down_Wall_Street medvezhenok|3 years ago Same with gambling.You will never get really rich (100M+) without stock picking but you’re going to be better off in the average case by sticking to the index.Similar to working for a startup vs working for a large corporation - working at a startup is like stock picking:)
medvezhenok|3 years ago Same with gambling.You will never get really rich (100M+) without stock picking but you’re going to be better off in the average case by sticking to the index.Similar to working for a startup vs working for a large corporation - working at a startup is like stock picking:)
throw0101a|3 years ago
It's been known that trying to pick individual stocks is generally a sucker's bet since (at least) 1973, but people still try to do it:
* https://en.wikipedia.org/wiki/A_Random_Walk_Down_Wall_Street
medvezhenok|3 years ago
You will never get really rich (100M+) without stock picking but you’re going to be better off in the average case by sticking to the index.
Similar to working for a startup vs working for a large corporation - working at a startup is like stock picking:)