Picking winning stocks is for losers(patrickhop.medium.com)
patrickhop.medium.com
Picking winning stocks is for losers
https://patrickhop.medium.com/the-only-free-lunch-in-modern-finance-8a1218089228
1 comments
It’s incredibly hard to predict future returns — yet conveniently asset correlations are relatively stable over time. The result is that it is far easier to boost risk-adjusted returns by diversifying your portfolio than to predict outperformance of any individual security or asset class.