Today Bloomberg reported that Goldman Sach's top investment ideas for its customers flopped 7 out of 9 times. See story here http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aF5tV7uvY0FU
Is it any wonder?
An IDEA is information - once it sees the light of day - it's been baked into the "market" ALREADY. So why or what's the surprise?
It's day old ( or longer) bread - that's been nibbled on by the purveyors.
If not already obvious, in classic principal agent fashion, points to the insurmountable conflicts of interest in many if not all of today's markets. This is NOT ROCKET SCIENCE, it's not about being right or lucky, it's about this - recognizing the obvious then doing something about it (that means take action).
Ending the siesta on the taxpayer's dime one little blog at a time
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