The Texas populist take on the tax cut

Doug Henwood dhenwood at panix.com
Sun Jan 12 10:13:27 PST 2003


Jordan Hayes wrote:


> > Why you buy index funds of course. If you're lucky, you'll
>> almost match the averages.
>
>(who wants to be average, especially in a non-normal distribution?)

Because matching the averages puts you well into the upper half of the distribution. Investment is the opposite of Lake Woebegon - most people are worse than average!

Doug



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