DataTrek’s Nick Colas’ CNBC Segment
By admin_45 in IN THE NEWS
Excerpt from DataTrek co-founder Nick Colas' segment on CNBC:
...“It’s important to remember that efficient market theory doesn’t say markets are priced correctly every day,” Nick Colas, co-founder of DataTrek Research, said in the same segment. “It says that there’s no reliable way to find the mispricing, and that’s still true. And that is why active management is so hard.”
Colas said that there’s no consistent method to establish outperformance of benchmarks, so it’s up to individual investors to create their own strategies or seek out an active manager to assist.
“Every great investor has one phenomenal idea,” he said. “A phenomenal idea that people didn’t believe for a long time. And that’s been proven true"...
Watch the full interview with Nick here on CNBC!
