Hacker News new | ask | show | jobs
by bagacrap 1239 days ago
I agree everyone doesn't know how to invest well. Some people even advise stock picking! :)

But the problem of some people not being rich is not simply because they can't invest well. First, obviously, not everyone can be rich. Second, most people suffer from the problem that they don't save enough, rather than that they don't invest well enough.

Yes, some people do beat the market. Obviously a lot of people are playing the lotto every day, and some win. Do they do it reliably? No. Disabuse yourself of the notion that beating the market is ever anything other than luck.