Arnold Kling  

Comment of the Week, 2003-06-18

Common Sense Macroeconomics... Bubbles and Macroeconomics...

On the topic of resisting efficient markets, 'rvman' wrote,

Put all of your money in index funds. For five years, pick stocks and invest with monopoly money, matching your real original investment in your fake portfolio. If you can beat the market for those five years, and at least 4 of the 5 individual years, consider playing the game for real. (Make sure your "timeframe" includes both an upturn and a downturn.)...

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