this post was submitted on 19 Sep 2023
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[–] JohnDClay@sh.itjust.works 1 points 1 year ago (1 children)

In fact, empirical evidence shows that they're objectively terrible at it

That sounds like it's taking about hedge funds and profile managers, not investors/bankers in general.

[–] yogthos@lemmy.ml -4 points 1 year ago (1 children)

it gives some examples of hedge fund and profile managers, but the point it makes is very much a general one.

[–] JohnDClay@sh.itjust.works 1 points 1 year ago (1 children)

The study is only of those though. So it's not evidence for overall.

[–] yogthos@lemmy.ml -3 points 1 year ago

The study shows that people doing private investing aren't very good at it. If you have a study showing the opposite then feel free to share it.