/biz/ - Business & Finance

>>827189
>a index fund doesn't use "smarts, experience, resources" so nice contradiction there.
Please explain how it's a contradiction. Because its pretty much the exact opposite.

>Also Warren Buffet and many others who read intelligent investor make bank off picking stocks.
Warren Buffett doesn't pick stocks. BRK an investment company that focuses on capital acquisitions and strategic combinations. While BRK does also engage in some traditional investment activity, its a tiny portion of their revenues. Take a look at the their most recent 10-K and see how small Investment Gains are compared to their other income sources.

>>827192
>What is your investment advice after a invariable crash?
Same as before and during. Buy and hold. Duh.

Stop being such a moron.

>>826190
BRK isn't an actively managed fund, or a fund of any type. Its an investment company that focuses on capital acquisitions and strategic combinations, neither of which is possible for an actively managed fund. While BRK does also engage in some traditional investment activity, its a tiny portion of their revenues. Take a look at the their most recent 10-K and see how small Investment Gains are compared to their other income sources.

Also, please try not to be such a drama queen. No one called actively managed fund "scams" and no one said that its impossible to beat the markets. Its just statistically highly improbable. The existence of a one or few outliers doesn't disprove the fact that its a bad bet overall.

In other words, just because lottery winners exist doesn't mean that playing the lottery is smart thing to do. Don't be so gullible.