“To beat the market you'll have to invest serious bucks to dig up information no one else has yet.”
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I can't speak for them, of course, but I believe that most economists would accept the view that, while you sometimes can make a score by sheer luck, you can't do it constantly, unless you're willing to put the resources in.
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What counts is what you do with your money, not where it came from.
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Of course. I favor passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices.
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I was born in Boston, Massachusetts on May 16, 1923, the only child of Joel and Sylvia Miller.
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