Re: Another book question
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"You can't and won't win. (winning as defined by beating index)."
If you are intelligent you can and will. How can that be possibly denied when so many have already done it. Do you honestly think a good business with a good product and good advertisement can't make more money than a bad business with a lousy product and bad advertising? This is bizzare.
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Active stock picking for long term investing is a losers game for an individual, end of discussion.
Google Fama and French, Modern Portfolio Theory, books by bernstein, swenson, swedroe and ferri.
The individual investor will lose, end of discussion.
It's the greatest lie ever perpetrated on humanity and I am surprised so many here believe it.
Note I am not talking about active day trading, which many have shown a propensity for success that must be more than luck. See thekirkreport.com for someone like this.
Otherwise read a Random Walk Down Wall Street.
Sell-side wall street has you brainwashed.
Good luck.
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