#13 The Contrarian
Behind the Balance Sheet
Index Funds
The market is effectively made up of professional investors. Average manager must be roughly in line with the index, but a bit worse than that because hof fees and transaction costs. And so it is both simple in the rudiments of it, but it is also much more difficult than the lay person thinks it is to out performBecause of the nature of the market. I'm very sceptical aboutin our schedule.
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