The 'market' is simply the average of all participants, so someone that has failed to beat the market is below average.
I'm not sure we should be lauding an investor that is below average, just because they started off with a massive pile of cash.
There doesn't seem to be enough info here to decide either way though.
The 'market' is simply the average of all participants, so someone that has failed to beat the market is below average.
I'm not sure we should be lauding an investor that is below average, just because they started off with a massive pile of cash.
There doesn't seem to be enough info here to decide either way though.