Re:Ask HN: Have any of you had success trading the stock mar...
by TheAlchemist on Sunday June 25, 2023 @06:28AM
(#36466720)
You have a point, but by that reasoning it's pretty much impossible to prove the contrary. Long term investing in good companies, that are 'cheap' works. Not easy to prove though.
2 of my favorites on this topic:
Warren Buffet's "The superinvestors of Graham-and-Doddsville" - https://www8.gsb.columbia.edu/sites/valueinvesting/files/fil...
Joel Greenblatt "Little book that beats the Market" - https://www.magicformulainvesting.com/Home/AboutTheBook
If it were really that easy, individual investors and professional fund managers wouldn't lose to hedge funds in the long run for all of the history of index funds. You'd also see at least some evidence of skilled stock pickers at, say, hedge funds, and you don't.
In gambling, a few people beat the house. That's a guarantee of probability. In aggregate, the house always wins.