2215: Financial Mass Destruction by Jesse Cramer
Optimal Finance Daily - Financial Independence and Money Advice
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Investing Isn't Just Gambling
Many investors don't realize they're playing the same game as everyone else. This article reminds me of why many people see investing as gambling. According to a 2020 report over a 15 year period, nearly 90% of actively managed investment funds failed to beat the market. Portfolio managers are often Ivy League educated investors who spend their entire work day attempting to outperform the stock market.
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