Why the "Experts" Are Wrong About Stock Picking
Warren Buffett believes that individual investors are better off investing in low-cost index funds to mirror the market and ensure long-term profits than trying to pick stocks on their own. Fund managers and financial advisors would certainly prefer it if you trusted them with your money, rather than yourself. After all, retail money is often associated with being "dumb money."
For retail investors who have been making big bets on struggling businesses like Hertz or GameStop in the hopes that they'll make a fortune on them, they might be better off not picking their own stocks. But that doesn't mean that stock picking is bad or that you have no hope of beating the market. If you are grounded in fundamentals and aren't investing in high-risk penny stocks, outperforming the market isn't an unrealistic expectation at all.
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Source Fool.com
