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Investing - Theory, News & General • Arguments against "smarter than the average bear"

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On wall st I worked with a really smart guy who thought he could outperform the market. So we bet a dinner every year, his performance against the s&p500. After losing 7 straight dinners he gave up.

Oddly, when we made the bet, he didn’t realize the statistics around active vs passive mgmt. this from someone with two Ivy League degrees, a 7 figure salary and a senior position on wall st

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Statistics: Posted by gips — Fri May 15, 2026 11:02 pm — Replies 25 — Views 882



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