No offense, I think you’re awesome, but individual stock picking and prognostication is simply gambling. Buying continuously and steadily well-diversified stock and bond index funds is the proven success strategy
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I respect your opinion, but I simply disagree. Warren Buffett, Peter Lynch, Joel Greenblatt, and Monish Prabrai are not gamblers. Studying businesses with a process of developing reasonable assumptions isn't "betting on black" in a casino. It isn't for everyone, agreed.
Agreed. But these guys are unicorns. For the 99% of us, as well as approximately 90% of PROFESSIONAL mutual fund managers, stock picking will fail to meet the market, much less beat it.
Especially since many of them admit to copying each other. I always say indexing should be your start and always your foundation to your portfolio. Nothing wrong with investing in individual stocks.
Exactly. Indexing should most definitely be the foundation of your retirement and portfolio, which is precisely why a typical 401k and 529 is in a perfect diversification of passively-managed stocks and bonds on a glide path
I wouldn't compare my style to mutual fund managers. They're more focused on assets under management for higher fees rather than rational, disciplined investing. These "unicorns" actually have a simple approach to investing. That's really why they're special. Nothing they do can't be adopted.
Don't need an article. I know the stats. Plus, Motley Fool is always promoting their ability to pick stocks and charge people for their picks. Definitely not the best source to pull from on this debate. 🤣
"Active" funds. Stock picking isn't synonymous with active investing. Buying and holding for the long-term is passive and is what I discuss. No article you share with me will change my mind. It's what I do and will continue to create content for those are interested.
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