Comment 70959

By Undustrial (registered) - website | Posted October 30, 2011 at 21:54:35 in reply to Comment 70958

That was a truly interesting article. I knew that most mutual funds perform worse than basic index funds, and that the more well-paid managers the more that performance tended to decline. But all luck? That's almost surprising.

Human beings have an amazing capacity for creating abstractions to help us understand and interact with the real world. Unfortunately we also have an an amazing capacity for getting trapped within them and losing touch with the real world.

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