After taking risk into account, do more managers than you’d see by chance outperform with persistence? Virtually every economist who studied this question answers with a resounding 'no. '
We cannot outperform our level of self-esteem.
People are never able to outperform their self-image.
Perhaps there really are managers who can outperform the market consistently - logic would suggest that they exist. But they are remarkably well-hidden.
Why do men outperform women on the SAT? The SAT's supposed to predict college grades. Women do better in high school and they do better in college. What's the problem here? Ah, the more you use, the more you start accepting that the SAT's coachable, the more problems you have with it.
The facts are in: diverse companies and teams consistently outperform all others. It's not only the smart thing and the right thing, it makes getting the job done much more interesting.
In the long run, a portfolio of well chosen stocks andor equity mutual funds will always outperform a portfolio of bonds or a money-market account. In the long run, a portfolio of poorly chosen stocks won't outperform the money left under the mattress.
The greatest achievement is to outperform yourself.
To be your best today, your only goal is to outperform the guy you were yesterday.
Positive work environments outperform negative work environments.
You will never outperform your inner circle.
Favored stocks underperform the market, while out-of-favor companies outperform the market, but the reappraisal often happens slowly, even glacially.
Happiness is a critical factor for work, and work is a critical factor for happiness. In one of those life-isn't-fair results, it turns out that the happy outperform the less happy. Happy people work more hours each week - and they work more in their free time, too.
If your desire is a 10 but your self-esteem is a 5, you'll never perform at the level of a 10. You'll perform as a 5 or lower. People are ever able to outperform their self-image.
