Is it even better than random? This anti-portfolio is so impressive it seems to ... | Hacker News

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		dyno12345 on Feb 25, 2013 \| parent \| context \| favorite \| on: Deals Missed Is it even better than random? This anti-portfolio is so impressive it seems to suggest a strategy of investing a small amount in all but the stupidest rather than even trying to pick winners

confluence on Feb 25, 2013 [–]

Yes. Being better than random is a particularly low bar to pass.

dyno12345 on Feb 25, 2013 | [–]

Is it so hard to believe? We still put hundreds of billions into mutual funds that aren't better than random

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