An interesting, and short, discussion of how it is “statistically impossible” to outperform everyone equally skilled.
“When stocks go up, is that skill or luck?”
“When things go well it is completely human to suppose that it is a result of your activity.”
This part looks at the foibles of human emotion under the guise of investing.
PS. I’m not a “fund manager,” I’m a Certified Financial Planner managing client expectations towards their goals with their money. This four part series talks about those expectations.