Hacker News new | past | comments | ask | show | jobs | submit login

And the active funds would have noticed Enron how?




Also not a good example. Individual fund managers, financiers, etc. often make individual correct (or lucky, sometimes) decisions. It's their ability to do that continuously for decades that's very much in doubt.


I think there where enough signs of enron being doddgy


Given that individuals who predicted it are notable enough to have a Wikipedia entry, I'd say that's hindsight talking.


That just moves the problem away from stock-picking to manager-picking. How do you pick a "good" manager as a retail investor? A winning track record could just be the result of survivorship bias.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: