Timothy Ferriss on Investing
Interesting quote from Timothy Ferriss (author of the 4-Hour Workweek), from his blog, on why he doesn’t do much stock-market investing:
Here’s the deal — to beat the market consistently, you have to: 1) have better information than most people, 2) have superior analysis of the same information, or 3) have better luck than a Leprechaun.
Discarding luck as a strategem, and personally discarding better analysis because I don’t want to spend my life poring over annual reports or evaluating algorithms, there is a simple conclusion: don’t invest in anything that you don’t know inside and out better than most of the world.