Friday, March 12, 2004

Advice to Wayne: buy low, sell high.

On a more serious note, I'm of the view that it's impossible to consistently beat the market over the long term. That being the case, I really don't see the point of handing over transaction fees to fund managers who invariably give me a lower rate of return than I would have obtained by simply investing in an index tracker. People who claim they can usually beat the market are either lying or omniscient.


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