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I am not sure why people are upset with Steve. He describes himself as a high tech serial entrepreneur and philanthropist. And now investor.

That said, standard S&P 500 index funds beat the best hedge funds over a 10-year period with much lower fees. As to standard funds, the system is dynamic and the waters seem choppy, so it is never risk free.

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the S&P is a great investment. You can do better, but it's difficult. There are experts who consistently beat the S&P, but those people are hard to find which is the whole point of this exercise.

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