Re: Earn 6% in the next 5 months (merger arbitrage)
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Owning 100 stocks is not necasarily a good thing. If I ran a mutual fund I wouldn't add more stocks just to have more.
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Very true, any good mutual fund knows to put 50% in NTDOY and 50% in SIX. Shoe, I apologize for flaming you a little bit, but I just wish you would wake up to reality before you not only cost yourself, but possible others. I would be willing to wager any sum of money that you can not beat the market for 10 years straight and that you can't earn 20%-30% for more than 2 years straight.
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I could bet you, but it would be -EV for me (whether i won or lost). If i can't beat the market, i lose to you in addition to what I already lost in the market. If I win the bet, my money would have been better off in the market because it would have more than doubled in the mean time, so although I won the bet, I'd be losing out on opportunity cost. So unless you are willing to give me some pretty good odds I will not be taking any bets.
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