Market beating investor traits
 

disclaimer: I did a search for this and couldn't find anything. Sorry in advance if it's been beaten to death.

These questions assume that the stock market is inefficient enough such that a small percentage of investors can beat the overall market average (without assuming risks proportional to their rewards) for a substantial amount.

Over a timeframe of 30 years, what % of investors do you think fall into a group that can beat the market by 2%? 5%? 10%?

More importantly, what traits does this group of investors possess that lets them perceive value better than the rest of the market?

I have some thoughts, but I'd like to hear your thoughts first.

Re: Market beating investor traits
 

If you're including you've average e-trade idiot in your definition "investor" it couldn't be more than 1 in 1000 that beat index funds by anything.

>"More importantly, what traits does this group of investors possess that lets them perceive value better than the rest of the market?"

Going to a good college, putting in 90 hour work weeks studying data, having friends teach you secrets, insider trading

Re: Market beating investor traits
 

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More importantly, what traits does this group of investors possess that lets them perceive value better than the rest of the market?

I have some thoughts, but I'd like to hear your thoughts first.

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I don't believe perceiving value is the issue as much as it is having the emotional control to stick to a game plan and not get discouraged during the inevitable cold streaks.

Another trait that is helpful is humility, making the admission that you don't know it all.

Re: Market beating investor traits
 

This might help.

Re: Market beating investor traits
 

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This might help.

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That was a good read, and most of it mirrors my thoughts. Thanks Cat