Professional Investors vs A Herd of Pooping Cows

In this edition we consider why so many professional investors do so badly when it comes to investment, with some it seems not even able to outperform a group of defecating bovines. We take a look at some of the crafty tricks used by industry professionals to hide the fact they simply aren't any good at what they do. Finally we consider the charge that Warren Buffett and other famous value investor's outsized investment returns are down to pure luck alone.

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