I would say that attaining an investment edge is, in all probability, the most highly pursued activity of investment managers today. After all, the reason anyone should be actively investing money is if they can outperform, net of expenses, the passive benchmark returns over a satisfactory period of time measured in years, not months.
Unfortunately, the amount of time spent in pursuit of an edge is not directly correlated with how successful one becomes at attainting that ?edge.? I would argue - and I speak from experience learned from my earliest days investing as a teenager - that often, an investor is incorrectly pursuing this approach by focusing on the little details rather than what matters most.
There are really only two ways to under-perform the passive market indices. The first is by selecting investments that under-perform the benchmark index. The second way is to make market beating investments but
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Amanda Swisten Scarlett Chorvat Kim Smith Hilary Duff Lake Bell
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