That is a very bold claim. As a counterexample, I bet that some of them are more... | Hacker News

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Scea91 on July 27, 2017 | parent | context | favorite | on: Jeff Bezos Surpasses Bill Gates as World's Richest...

That is a very bold claim. As a counterexample, I bet that some of them are more likely to beat the market than me if I started investing.

greenshackle2 on July 27, 2017 | [–]

By managers I mean professional portfolio managers.

Individual investors pretty much all do worse than market.

EDIT: obviously that means there is skill involved. But it seems that professional managers are close enough in skill that luck is the dominant factor.

variant on July 27, 2017 | [–]

Unless you invested in the S&P 500 :)

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