Interesting snippet in "The Economist" last week. Studies in America show that while it's possible to pick a worthwhile investment and make a provide as it rises on the stock market, it isn't so easy to hedge against risk by investing in "safe" products which always increase in value.
Most major fields of investment rise together with eath other, keeping within 95% of each other. Property, government bods, commercial loans - all rise and fall together.
It was Thatcher said: "You can't buck the market" - though it was scarecely an original thought.
So many financial instrucments to invest in, all information is available, free movement of capital, all evens out. The market works.
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