Minimizing the Threat of “Luck”
June 22, 2010 at 10:38 AM EDT
Carl Richards, a financial planner who blogs for The New York Times, laments the fact the equity investing has been distinctly unimpressive over the past decade plus. Earning a risk premium in the stock market “is a function of pure luck,” writes the founder of Prasada Capital. It’s easy to understand why investors might be frustrated. [...]