Comment Re:He's good. (Score 1) 198
By definition it's not possible for everyone to be able to beat inflation.
Only for very wide definitions of "everyone", including VC investment, R&D, government subsidies, international trade, and every other economic influence, many of which are high-risk investments that effectively dump most of their money into lower-risk investment vehicles.
I'm not suggesting that if everyone invested in a widely-diversified portfolio, they'd be rich. That's ridiculous, since that's exactly what banks do with their abysmally low-return (but very safe) accounts.
I'm saying that if someone wants to invest and have a good chance of a good return rate, they have access to such things.
Understandable. Daniel Kahneman has some amusing anecdotes who people who work in finance really don't seem to figure out what it is they're really doing.
Well, that's nice, but beyond a thinly-veiled insult, do you have a point?