Episode 275: Economics Is About A Lot More Than Money
Words & Numbers
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The Wisdom of the Masses in Wagering Markets
There's an interesting story here about the wisdom of the masses. The index funds seem to do better than the managed funds and those are no load. And any given year you can have someone outperform the market, but in terms of when you start looking year to year to year, it kind of falls. Hard to see how that's not the right approach.
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