Why coming second can be best

There is an established investment principle - the fewer people using a given investment strategy, the greater its chances of success. In a sailing analogy, there are many top competitors with better boat speed all vying for the best position on the start line. So another strategy that works well is to pick the second best position and sail off in clear wind on your own. It is lonely, but it often works. That is true for investing. Rather than joining a bandwagon, a better option could be to try starting your own. STATISTICS A popular approach for investing is to use a massive funds d...