Re:The 1975 Buffett memo that saved the Washington Post's pe...
by gaius on Saturday August 17, 2013 @11:58AM
(#6229413)
If there really was a surefire way to beat market averages, it wouldn't remain a secret for long, then everyone would practice it, then that "system" would become the norm -- the market average performance
But this applies to any human endeavour! What's the secret to being successful in any field? Or rather, why aren't we all world-class concert pianists or martial artists or ballet dancers or whatever takes your fancy? Because knowing "the system" and practicing the system are very different things...
But this applies to any human endeavour! What's the secret to being successful in any field? Or rather, why aren't we all world-class concert pianists or martial artists or ballet dancers or whatever takes your fancy? Because knowing "the system" and practicing the system are very different things...