Where were their trading profits coming from, year after year? I am just curious! http://www.elitetrader.com/vb/showthread.php?s=&threadid=260037
Women, for the most part. You see, men work and amass fortunes and die. Women live longer so they wind up with the fortune. Then they find attractive, trustworthy advisers in trustworthy organizations to invest their money wisely.
For many of the quant oriented strategies, their gain is a reduction in our gain or what tips our gain into a loss.
The avg mutual fund holder earns like 4.5% vs. 8% for the fund. So that's some significant source of profit right there.