why you or active money managers cannot outperform the market

I am educated as a lawyer. Lol!

surf

 

for what it is, its conclusions are useful.

 

Only buy stocks that are making all time new highs in the SP500. Might beat the market.

 

The collective can't, but if you have an edge... you will...

 

...I agree -- I (or any good/skilled trader) can easily beat the market index average of 8%/per year, -- that's infact peanuts, or child's play,

 

I wouldn't say it's peanuts... I have to sit all day long staring at numbers and lines going up and down... Not for everyone... Sometimes I think I should get a job with a fixed salary...

But then I take a few days of, play some golf... shrug my shoulders and think... meh, I do allright...

 

And you admit that.

 

To be fair, they've said themselves it doesn't scale to the levels of AUM a typical fund manager is dealing with.