>Keep saying this and watch your peers assets balloon in value. There’s really nothing to argue about, spreading this “I can’t beat the market mantra” is bad for everyone.
While I don't doubt that you could beat the market given enough effort, I'm skeptical that you can trivially beat the market with a strategy as simple as "buy tech stocks". I'll invoke the efficient market hypothesis here: if tech stocks are expected to grow 20% but non-tech stocks are only expected to grow 10%, why would anyone buy non-tech stocks? Wouldn't everyone bid up the price of tech stocks so that their returns would only be 10%?
Dude I used to work at a hedge fund, the whole efficient market hypothesis isn’t what you think, and it’s insane to think it means you need to buy every single stock. You’re just going to lose a bunch of money investing this way
Only 2000–3000 but they're so strongly correlated you could practically diversify just as much with less than 20–30, for 1/100 of the transaction costs.
While I don't doubt that you could beat the market given enough effort, I'm skeptical that you can trivially beat the market with a strategy as simple as "buy tech stocks". I'll invoke the efficient market hypothesis here: if tech stocks are expected to grow 20% but non-tech stocks are only expected to grow 10%, why would anyone buy non-tech stocks? Wouldn't everyone bid up the price of tech stocks so that their returns would only be 10%?