Seeking Alpha – I recently had a discussion with a friend of mine who manages money for a hedge fund. The conversation was very illuminating, and also convinced me – once again – that savvy individual investors can beat the big institutional professionals if we make use of the advantages we have.
The primary advantage we have is our small relative size, and the ability that gives us to buy and sell smaller stocks, closed-end funds and other asset classes that would not be of interest or would be just too small to make a difference to the performance of a large institutional manager.
