Bending the Third Rail
Because We Should, We Can, We Do
Sunday, October 29, 2006
News You Can Use
Barry Ritholtz continues to educate us on the realities of the shark filled trading halls of the stock market by quoting from a NYT article:"
This year through September, only 28.5 percent of actively managed large-capitalization funds — which try to beat the market through stock selection — were able to outpace the S.& P. 500 index of large-cap stocks, according to a new study by S.& P. In the third quarter alone, it was even worse, with only one in five actively managed large-capitalization funds beating the index.

When you invest in the stock market (and that's a big "when"), you're really better off just buying spyders and not trying to stock pick.
Written at 9:03 AM by Greyhair.
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