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URL:  http://boards.fool.com/its-hard-to-argue-with-simple-arithmetic-the-28195428.aspx

Subject:  Re: Bonds vs Bond Funds--Again Date:  12/30/2009  10:32 PM
Author:  MadCapitalist Number:  29618 of 35351

It's hard to argue with SIMPLE arithmetic. The more you trade, the more you lose.

Maybe, but don't make the mistake of concluding that an intelligent, disciplined investor will necessarily lose just because investors as a group are destined to underperform the market.
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