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The Big Investment Lie by Michael Edesess

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10Idle, Greedy Hands and Too Much Data Do the Devil’s Work

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Given the abundant evidence that trying to beat the stock market is a waste of time and effort, I have often wondered how smart people can do so much of it. Those who are professionals in the business do it, of course, because they are paid very handsomely to at least pretend to try. Thousands upon thousands of people are engaged one way or another in the effort.

When I was a child, I would look out on the roadway and see all the cars going to and fro. I would wonder where each and every one of them was going. Now I wonder what each and every one of those would-be market beaters is ...

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