Comment by btrettel
2 months ago
Some folks' elementary or middle schools had stock picking lessons with fake money: https://news.ycombinator.com/item?id=21642395
From mine, all I remember was getting the impression that putting money in particular stocks without knowing what you're doing is a bad idea. Pretty valuable lesson, I guess, as I've never bought individual stocks since then...
You might have learned the wrong lesson there, if your goal is to build wealth. But it’s a good idea to prevent losses
Not really, indexing beats hedge fund managers over something like a 12 year stretch.
hedge funds are not the same thing as picking individual stocks. Not even close. Index funds are an averaging mechanism to reduce risk, not to maximize return (you can easily beat the average by allocating on the p75 instead for instance)
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