investing: Why Mutual Fund Managers and Financial Analysts Can't Beat the Market - 10/23/20 10:45 AM
Think about this.
Does it stand to reason that some companies within an industry are more successful than others? What about this, do you think some industries are more profitable than others? If you agree with either/both of these queries, why would you think simply buying an index of stocks is a good way to invest in the stock market? Well, the short answer is, it isn't. Yet, very few fund managers and financial analysts can consistently beat an index of stocks.
According to the book, "Strategy Beyond the Hockey Stick" and McKinsey analytics, if you divide companies within an industry into quintiles … (0 comments)