> How can an industry that does no better than chance on average continue to exi... | Hacker News

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		sumedh on Feb 26, 2014 \| parent \| context \| favorite \| on: Real money, invested with algorithms > How can an industry that does no better than chance on average continue to exist? The average Joe does not know that.

ForHackernews on Feb 26, 2014 [–]

Not just average Joes. Lots of extremely wealthy people put their money in actively-managed hedge funds that also underperform the market: http://www.bloomberg.com/news/2013-12-06/hedge-funds-trail-s...

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