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I'm not saying it can't be beat in shorter spurts, but in general, one is better off investing in low cost index funds or spyders.
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This is very true. But that doesn't mean the market is perfectly efficient. Perhaps we are picking the wrong experts. There are ways to beat the market. They are just beyond the natural abilities and discipline of most everyone. This article help formualte my beliefs. It's worth reading.
http://www.tilsonfunds.com/superinvestors.html