Are You Better Than a Billionaire?

Did you make money in the stock market last year? Do you think you beat some billionaires? Well, if you earned double-digit returns in 2012, you would have beaten a few. And, if you kept pace with the S&P 500, you would have clobbered most! We are talking percentage here, not dollars. How could this be? Shouldn’t billionaires do better than the average Joe? This research paper reveals the secret sauce!