this post was submitted on 19 Sep 2023
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That sounds like it's taking about hedge funds and profile managers, not investors/bankers in general.
it gives some examples of hedge fund and profile managers, but the point it makes is very much a general one.
The study is only of those though. So it's not evidence for overall.
The study shows that people doing private investing aren't very good at it. If you have a study showing the opposite then feel free to share it.