Senior Advisor Prof. Bradford Cornell discusses the age old debate of skill vs luck in investing with the Wall Street Journal.
There’s little doubt that day trading has mushroomed in popularity in recent months, or that some day traders have produced extraordinary profits.
According to statisticians, however, there's also little doubt that most of these day traders' good performance is due to luk. They essentially would have just as good a chance of success as going to the casino.
Continue reading at The Wall Street Journal.
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