Solving the Irish question

The Holy Grail for investors, akin to solving the Irish Question, would be some methodology by which one could extract continued additional value from the market, relative to the market itself. That such a Holy Grail is seemingly elusive might be a problem of framing bias: perhaps the answer is not to try and beat the market every year, because no such investment strategy exists. Rather, perhaps the pragmatic solution might be to try and combine two objectives: to try and beat inflation and simultaneously to try and preserve capital; successfully combining these twin objectives over the long haul might ultimately end up giving investors a fighting chance of beating the market too.

Solving the Irish question