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Stock picking is still a loser’s game

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 Guy R. Fleury, Independent Computer Software Professional

 Sunday, January 21, 2018

A should read article.


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7 comments on article "Stock picking is still a loser’s game"

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 Pieter Gillis, Business Analyst Supply Chain & Operations at Deloitte

 Wednesday, January 24, 2018



Interesting article, let's see if this still holds when the bear market arrives


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 Shiva Kandi, Quantitative Researcher at Investment Management

 Wednesday, January 24, 2018



Even if they do, the outperfomance is either temporary or achieved at higher risk - EMH.


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 Guy R. Fleury, Independent Computer Software Professional

 Thursday, January 25, 2018



If 90%+ of funds could not beat the market average over a 5-year period, what is the probability that they could do it in 10?

As the article noted, they did put their best people on the job, using the best software and state of the art computer systems. There was no lack of portfolio management theories either.

The real question should be: how on earth could they even have failed so miserably?

And maybe, just for fun, another interesting question: are you using the same trading techniques they do?


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 Joe Macek, Portfolio Manager at HollisWealth

 Friday, January 26, 2018



The average do it yourself investor has been crushed by professionals for years. They have averaged almost no returns for 20 years. Far less than pros, and the indexes. Very few do it yourself investors will stay invested after the indexes lose 56% like they did in 2008-2009 and 2001-2003


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 Guy R. Fleury, Independent Computer Software Professional

 Friday, January 26, 2018



@Joe, you are saying that for the average do-it-yourselfer to be part of the 90%+ of professionals that do not outperform the average over the longer term would be a way for them to outperform themselves. On that, I would have to agree.


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 Guy R. Fleury, Independent Computer Software Professional

 Sunday, January 28, 2018



If 90%+ of professionals portfolio managers, putting all their skills on the table, do not outperform the market averages over a 5-year period all the while using state of the art computing hardware and software, we have to assume they won't in 10, 15 or 20 years.

It also means that if you use the same techniques they do, your future at the game is no brighter. You will be looking at single digit long-term returns for all your efforts.

A suggestion: if those methods do not work so good, find new ones, design your own. Give yourself a chance.


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 Andrew Williams, Finacial Consultant at Andrew & partners financial groups

 Monday, January 29, 2018



wow....

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