This is false. If you work in the industry there are consistent winners. | Hacker News

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		internetslave on Feb 28, 2021 \| parent \| context \| favorite \| on: Warren Buffett's bet against hedge funds at the Lo... This is false. If you work in the industry there are consistent winners.

JKCalhoun on Feb 28, 2021 [–]

And, as I understand from Bogle's (admittedly dated) book, when that happens everyone rushes into the fund and it begins to underperform due to its increased weight/influence (see Peter Lynch's Magellan Fund).

internetslave on March 1, 2021 | [–]

No. Some portfolio managers are just good. This whole no one can beat the market is non sense.

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