Quote:
Originally Posted by Flystripper
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 giving too much weight to efficient markets theory. Just my opinion.
|
My point is you can't say "any" investment advisor. If you want to say most or the majority, that is a debatable question, which I wouldn't argue with. "Any" means all. There are investment advisors who have track records that beat the S&P by 2-3%.