买家也有不错的回报率
买了unit trust, 都开始赚钱了
巴爷在最新一期的给投资者的一封信里是这么说的:
Further complicating the search for the rare high-fee manager who is worth his or her pay is the fact that
some investment professionals, just as some amateurs, will be lucky over short periods. If 1,000 managers make
a market prediction at the beginning of a year, it’s very likely that the calls of at least one will be correct for nine
consecutive years. Of course, 1,000 monkeys would be just as likely to produce a seemingly all-wise prophet.
But there would remain a difference: The lucky monkey would not find people standing in line to invest with
him.