I’ve read a ton of books on investing and every one says it’s very very rare to consistently ‘beat the market’ and even then the investing superstars mentioned only just beat it & and trying to do the the same is seen as highly unlikely and it’s a losers game to even try to.
I don’t get why that is, say for example someone had a portfolio of just Tesla, Apple & Spotify the past 3-4 years and excluding this year, they would have beat the market considerably each year. Not checked those three, just using as an example three but guessing they or similar would have easily beat the market.
There’s a couple of people I follow that concentrate on high growth tech and they’ve done it, like this one for example:
2017 – up 84.2%
2018 – up 71.4%
2019 – up 28.4%
2020 – up 233.3%
2021 – up 39.6%
2022 – down 59.7%
Yet in books an average yearly return of around 20-30% or just over the market gain is seen as a superstar performance.
What am I missing?
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