In summary: 🎯A lot of purely random portfolios beat the index, i.e. blind luck, often misattributed to manager skill. 🎯Luck has more impact on concentrated portfolios - intuitive since just a couple of big winners/losers have outsized impact. https://t.co/Jf2uq0nX3g
— Anoop (@CalmInvestor) Apr 14, 2023
via Twitter https://twitter.com/CalmInvestor
April 14, 2023 at 11:57AM
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