ChristianKl comments on Financial Effectiveness Repository - Less Wrong Discussion
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The kind of people who do well at price discovery are big banks with complex computer models and expert analysts. Why do you think that an individual has a got chance at playing that game?
The company I work for manages about a hundred billion dollars in our various funds. We cater to retail clients. I don't pick stocks myself - a bunch of people with three computer screens and Bloomberg subscriptions down in the financial district do that. I simply take the resulting mutual funds and sell them to people(and do a hundred other things - the investment side is probably the easiest part of my job).