### Comment:
Something like 90% of traders fail to beat the market year over year.

### REPLY:
Everyone says this but it doesn’t tell the full story.  
  
 I rather get 9% with a significantly lower volatility and lower std than a 10% return with immense volatility and higher std.  
  
 This principle is literally why hedge funds exist. Risk adjusted returns are significantly more important than just “returns”.

### END.