Smart Money: If you don't know who the patsy is, you're the patsy
Many Happy Returns
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Is There Alpha in ETFs?
The idea is that you buy on the close and then you sell on the open. But are we missing out by not being able to invest in the out of ours market? So I think for retail investors this wouldn't be an interesting market to be involved in even if they could be. The vast majority of research which looks at this fairly objectively shows that there isn't consistent alpha.
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