Re:The Rich Are Already Using Robo-Advisers, and That Scares...
by prostoalex on Monday February 08, 2016 @12:43AM
(#11056525)
> Is there any objective evidence that there are people who consistently beat the market, over the long term?
This is narrowing the problem to growth investing. Most high-net worth individuals care about growth investments only tangentially, the agenda is usually income generation.
With income generation one can consistently beat the market year over year over long term. Simplest examples would be a cash-flowing real estate investment at an attractive entry price.
If you believe that public markets are efficient, then it also implies that by the time you're on the buying side, any inefficiency and pricing discrepancy has been squeezed.
This is narrowing the problem to growth investing. Most high-net worth individuals care about growth investments only tangentially, the agenda is usually income generation.
With income generation one can consistently beat the market year over year over long term. Simplest examples would be a cash-flowing real estate investment at an attractive entry price.
If you believe that public markets are efficient, then it also implies that by the time you're on the buying side, any inefficiency and pricing discrepancy has been squeezed.