http://www.netvouz.com/infor626/tag/illusion?feed=rss infor626's bookmarks tagged "illusion" on Netvouz http://www.theskilledinvestor.com/ss.item.40/chance-creates-the-illusion-that-investors-can-beat-the-stock-market.html Chance creates the illusion that investors can beat the stock market - Personal Investment Management > Investment Luck versus Investing Skill Articles - Financial Articles, “Market efficiency” makes it very difficult for individual investors to “beat the market.” Left to their own decisions, individual investors perform so poorly that on average their investment returns lag behind the returns that one would expect from a completely random stock selection process. The average professional trader does somewhat better than amateurs do and, in part, probably does so at the expense of the amateurs. On average, any actual performance advantage delivered by professionals is significantly less than the average fees they charge for their services. infor626 Wed, 07 May 2008 18:53:52 GMT http://www.theskilledinvestor.com/wp/why-only-one-warren-buffett-the-illusion-of-superior-professional-mutual-fund-manager-performance-180.htm <<-- Continued from Part 1 (Where's Waldo? The illusion of superior professional mutual fund manager performance.) Instead of highlighting dozens or even infor626 Wed, 07 May 2008 18:53:52 GMT http://www.theskilledinvestor.com/ss.item.42/the-illusion-of-superior-professional-investment-manager-performance.html The illusion of superior professional investment manager performance - Personal Investment Management > Investment Luck versus Investing Skill Articles - Financial Articles, If money managers were truly skilled at beating the market, then one would expect their excess performance prowess to persist over time. Unfortunately, the evidence indicates that superior past professional performance tends not to persist and is not a predictor of future performance. infor626 Wed, 07 May 2008 18:53:52 GMT