Quote:
Originally Posted by jay santos
Nah, I'd say someone in finance who actually would say that to a client is the true arrogant asshole and/or dipshit.
|
There have been managers that have beaten the S&P over pretty long periods. The pertinent question is always for how much risk. I know what you are saying Jay and it is true that many managers or people that try to pass themselves off as managers won't consistently give you returns above the S&P for equal risk. However, to say that beating the S&P is impossible is discounting the results of managers with documented long-term track records and is just giving too much weight to efficient markets theory. Just my opinion.