A few weeks after the botched Facebook IPO, experts continue to question the offering's long-term impact on the market, while Lloyd Blankfein gets some love and big data continues to grow. Here is what people are talking about this week.
June 15, 2012
3. Beat This
About 80% of all day traders lose money. … One study found that the active investors who turned over their portfolios 258% annually made less than 12% on their money. Passive buy-and-hold investors, with only 2% portfolio turnover, had average returns about half, again, higher than the active investors.
—Paul B. Farrell, MarketWatch
Source: MarketWatch: Stress test for traders: Do you need a new job?
[Banks Still Struggle with Data Management — Capco Survey.]
