The degree of challenge incontrovertible irrationality
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The Degree of Challenge: Incontrovertible Irrationality PowerPoint PPT Presentation


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The Degree of Challenge: Incontrovertible Irrationality. More than 70% of new manufacturing plants in North America close within their first decade of operation. More than 75% of mergers and acquisitions never payoff

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The Degree of Challenge: Incontrovertible Irrationality

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The Degree of Challenge: Incontrovertible Irrationality

  • More than 70% of new manufacturing plants in North America close within their first decade of operation.

  • More than 75% of mergers and acquisitions never payoff

  • 80 percent plus of new product market entries are abandoned within a few years

  • More than 80% of start-up ventures in a wide range of industries failed to achieve their market-share target.

  • More than 80% of equity mutual funds consistently underperforms S&P 500. *

  • 80% of all stock investors end up losing money.

  • 90% of all naked option players (buy uncovered puts or calls) end-up losing money.

  • Up to 70% of people in leadership positions fail.

  • 80% of the reported findings in the literature of particular academic disciplines eventually prove wrong or questionable.


A Justification to Think Different

Since 1998, the effective return to hedge-fund clients has only been 2.1% a year, half the return they could have achieved by investing in boring old Treasury bills.

A wealth of research shows the ranks of such star managers are relatively small. And their record of outperformance is typically fleeting measured against the decades needed to save for retirement.


  • Only 11% of the highly paid, master of the universe hedge fund managers managed to beat the S&P so far this year.

  • That's why they earn the big bucks. That, and the stupidity of their investors.


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