Beating the Market
Are you a wealthy person in search of expert portfolio management?
Don't tell anybody (especially the SEC), but... we know how to beat the market.
Our past results speak for themselves:
Okay, we aren't really investment geniuses (honest).
What you're seeing here is luck being marketed as skill.
We created eight simulated portfolios and then used a random process to "invest" them for twenty years.
They all got the same expected return rate and standard deviation (hence the same expected outcome) as the Total Stock Market index, but by sheer luck there are almost always a few big winners.
So we picked whichever portfolio that happened to do best, gave it a snazzy name, and copied it up to the box above.
This sounds like a joke, but investment firms have really done it, creating a handful of private "incubator portfolios" and then just riding the dumb luck train until a few clear winners emerged;
then they aggressively marketed the winners, and quietly retired the losers.
("Past performance does not guarantee future results" -
and how.)
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