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THE CHART ROOM


johnyholiday

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Yes, I have, not an easy read for such a simple concept, magazines like Forbes and Fortune run similar contests every year, when the market has a direction, I think anybody paying attention can do slightly better, the mutual fund guys are hamstrung by tendons of social pressure and legal requirements and large size...(Peter Lynch is better for us little guys)<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

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Yes, I have, not an easy read for such a simple concept, magazines like Forbes and Fortune run similar contests every year, when the market has a direction, I think anybody paying attention can do slightly better, the mutual fund guys are hamstrung by tendons of social pressure and legal requirements and large size...(Peter Lynch is better for us little guys)<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Agreed, Colin. Just be sure to keep your transaction costs extremely low, since the simple concept is that most managers do not out perform their benchmark index, in part due to transaction costs. If you wish to beat an index, and you are sure of the markets direction, simply leverage the index accordingly.

___________________________________________________________________

Bulls and bears make money, pigs get slaughtered at the trough.

I'd rather be lucky than smart?

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