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Podcast: The Meb Faber Show - Better Investing
Episode: Wes Gray - âEven God Would Get Fired as an Active Investorâ | #4
Description: What if you had perfect foresight and knew ahead of time which stocks would be the best performers? The reality is even if you knew this and invested accordingly, youâd still suffer gut-wrenching drawdowns along the way so painful (around 75%) that âeven God would get fired as an active investorâ if he was managing other peoplesâ money. Thatâs the result of one of Wesâs studies which he and Meb discuss. By the way, with perfect foresight, youâd do about 28% a year, so what does that mean for those investment groups that want your business, claiming they do 35% or...