Index. Sit Back. Relax

Anybody who has ever entered the stock market has only had just one thing in mind – to beat
the damn thing. Double the money, I say! Triple it! And do it before my next birthday. It’s ironic.
The market’s gone up and up these past many decades, and yet, strangely, no money manager
will ever say that getting the market’s returns is a worthy enough goal.

So then, how do you beat a system that has millions of participants, each playing by his own
rules, and all of them essentially blind to one another?

An easy answer is, well, you don’t. A better answer is, you could try. How difficult could it
possibly be? All you need to do is buy low, sell high. Time your entry and exit right. Right? (more…)