Investing in mediocrity

Planet Money

This fun episode investigates whether luck or skill is behind success in financial markets, and why ‘strategic mediocrity’ may be the key to winning big.

From The Episode:“When I did simulations as to what it takes to land somewhere in the top decile, it became very clear that if you consistently stay in the top third, but never end up number 1, 2, or 3, that over time, you would end up in the top decile of the competitive universe.” – Ben Trotsky, ex-PIMCO

Markets

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