re: Random Walk Down Wall Street

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What is your opinion

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Ah, thanks for asking!

I think that occasionally there is "free" money to be found in the financial markets but unless you are managing a ton of money it isn't worth the work required to uncover the opportunities. If you are managing a billion dollars, *maybe*. But even then you will probably do about as well with an index and can go play golf instead.

I really don't understand the fascination with financial markets sometimes. There are often very real opportunities in markets that are not actively traded where you can get a real information edge, such as local businesses or real estate.

One can get lucky in the major financial markets, but outsmart it year after year? I'm betting no. The financial markets, with a good diversification strategy, are a good place to store funds that would otherwise be idle.

If you want a shot at "beating the market" your chances are better learning the local investment scene and placing your bets there.