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The information on Groklaw is not intended to constitute legal advice. While Mark is a lawyer and he has asked other lawyers and law students to contribute articles, all of these articles are offered to help educate, not to provide specific legal advice. They are not your lawyers.

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I'm not mystified why people choose to be Patent Lawyers | 265 comments | Create New Account

Comments belong to whoever posts them. Please notify us of inappropriate comments.

I'm not mystified why people choose to be Patent Lawyers

Authored by: Wol on Saturday, April 13 2013 @ 03:38 PM EDT

And as usual, on Wall Street the games are rigged. Want to know the funds that
will give the best return? They're the index trackers. They'll give you the same
as whatever index you're following, less a SMALL bit in transaction fees.

Pretty much EVERY managed fund offers you the lure of outperforming the index
and, by dint of excess transaction fees, pretty much guarantees you'll
underperform, usually pretty badly.

Fund managers typically get a percentage on trades, so in a managed fund they've
got an incentive to churn. As a small trader, it's quite easy to make a profit -
all you've got to do is predict what the big guys are going to do (pretty easy
with experience) and beat them too it. Buy before them, sell when they've pushed
the price up. Or short a stock before they sell, and buy it back when they've
pushed the price down.

Cheers,
Wol

[ Reply to This | Parent | # ]

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