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0 pointskennywinker4y ago0 comments

The impeccable track record of index funds suggests that "Even just one of the top funds has an infinitesimally small chance of existing randomly" is not actually correct.

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bidirectional4y ago

Well index funds aren't 'the top funds', they're the benchmark against which the alpha of the top funds is measured. If we change the framing to over/underperforming the S&P500 I don't see how the argument changes. RenTec is up 66% per year since 1988, how could that possibly be random?

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0 pointskennywinker4y ago0 comments

The impeccable track record of index funds suggests that "Even just one of the top funds has an infinitesimally small chance of existing randomly" is not actually correct.

0 comments

bidirectional4y ago

j / k navigate · click thread line to collapse