Quote:
Originally Posted by OMG!WTF!
That's just not true. A CFA is no more a ticket to market beating results than operating a successful car wash guarantees you a permanently clean car. If you want to beat the market, study that. It quite often comes down to risk management. But there are people, lots of people, who can and do beat the market year after year. It's no fluke, luck or gamble.
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No, I know. I was mocking my paltry lack of financial knowledge. The CFA Level 1 is just a giant grade 10 math test.
Your last sentence is totally false. People do beat the market, but it is a fluke. It has to be a fluke. You increase your risk, you increase your payout. It is luck.