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My Misguided Quest to Beat the Market

During my first 15 years as a professional investor, I fully believed it was possible to identify individual securities through fundamental research that would outperform the market. That commitment to seeking alpha is the one investment decision I would most like to redo.

As the result of my choice to employ an active approach, the following events occurred early in my career:

Read the rest of the article on The Wall Street Journal.

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