Folks, I’m going to tell you a secret today that I’ve come to realize during my years playing the markets – Wall Street is an illusion.
I know many of you are thinking, “Wait, Ross, what are you telling me?!”
Just hear me out…
Many traders often look to the Wall Street elite as the end-all-be-all when it comes to market knowledge and trading savvy in this industry.
Some consider hedge funds to be the best of the best…
They command huge fees, and top managers routinely make billions of dollars per year.
So, it stands to reason that most of these elite institutions outperform the market.
After all, those guys made it to the top somehow, right?
We Can Do Better
Despite having teams of Ivy League MBAs with expensive $25,000-a-year Bloomberg terminals and access to the best market research in the world, most of these trading hot-shots fail to achieve any real alpha!
For reference, the benchmark S&P 500 ended 2021 with a 27% gain.
But in the 2021 performance table below, you can clearly see that out of all of these top hedge funds, only three of them were able to do better.
The rest either underperformed, or severely underperformed…
This proves yet again that the Wall Street elite don’t always know as much about this volatile market as they would like all of us to believe.
For those reasons – and many more – I have come to the conclusion that Wall Street, as we perceive it, is, in fact, an illusion…
An illusion created by those who work in it, control it and hope to do so for many more years to come.
We have the tools, the savvy and the resilience to work together and beat the “best of the best.”
Even the simplest of strategies mixed with a dash of determination have the power to generate returns that would make even the wealthiest of billionaires jealous.
That’s why I encourage you to continue to persevere in these volatile markets!
Everyone starts somewhere and the truth is, you’re probably doing better than you realize.
Embrace the surge,
Editor, Stock Surge Daily