… and this is why I like index funds
With massive computers doing massive trading in the span of milliseconds, it is hard to imagine how fund with some sort of proprietary trading theory can beat the market.
Love this quote:
The 60/40 Vanguard fund, which anyone can invest in, opening an account in about four minutes and 26 mouse clicks (I counted), beat the average multistrategy and long-short hedge fund over the last decade. And it did it with lower annual volatility (measured by standard deviation).