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Beating the market (lemmygrad.ml)

submitted 4 months ago by [email protected] to c/[email protected]

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cross-posted from: https://lemmygrad.ml/post/4352701

Beating the market

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[–] [email protected] 2 points 4 months ago

This graph seems to imply an analogy, but AFAICT it doesn’t actually make one.

In the case of a coin with a heads bias, the winning move is to always call heads.

In the case of the stock market, those who consistently beat it are those who control it. For instance: Members of Congress outperformed the S&P 500—sometimes by huge amounts