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A comment on S&P 500 Return Attribution: Its 1% economy. Parent comment

Re:S&P 500 Return Attribution: Its 1% economy by fpgaminer on Thursday August 20, 2020 @07:07PM (#24230063)
> By picking your companies wisely, you can run circles around any index.

Proof? Warren Buffet couldn't do it. The vast majority of hedge funds, who's _job_ is to beat index funds can't do it. Of those that do, lose to index funds anyway because of fees. And these are all businesses that have several orders of magnitude advantage over an individual investor.

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Re:S&P 500 Return Attribution: Its 1% economy by perl4ever on Thursday August 20, 2020 @07:23PM (#24230192)
What do you mean "Warren Buffet couldn't do it"?
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Re:S&P 500 Return Attribution: Its 1% economy by 15charlimitdumb on Thursday August 20, 2020 @08:11PM (#24230493)
Related: https://www.investopedia.com/articles/investing/030916/buffe...
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Re:S&P 500 Return Attribution: Its 1% economy by fpgaminer on Thursday August 20, 2020 @07:52PM (#24230386)
Sorry, I fumbled the phrasing of that a bit. Warren Buffet famously bet a million bucks that hedge funds couldn't beat the S&P 500 index. They couldn't, by a wide margin.
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