Is it possible that ordinary individual investors, without the help of ultrafast computers or a PhD in math, can reliably beat the stock market?
Sixty years of Nobel Prize-winning theory say no, it is not possible. But just maybe it is. Ironically, the widespread belief that it’s impossible helps to make it possible.
To see how, recall a high-buzz stock market event last December 21, when Tesla became a component of the S&P 500. Research Affiliates chairman Rob Arnott and colleagues made a
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