I'm a stock picker. In 2019, I didn't beat the market. I only made 16%. But in 2016, I made 45%; in 2017, I made 58%; in 2018, I made 14%; in 2020, I made 105%; in 2021, I made 73%; and I'm up 17% YTD. Beating the market every year. Why does stock-picking get such a bad rep? Because fund managers face awful obstacles to beating the market: money flows in at the top and flows out at the bottom; they collect enormous fees; and they can't easily invest in microcaps. For retail investors like me, stock picking can work very well. You just have to do a lot of hard work, research like hell, and try to keep your beta low.
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I'm a stock picker. In 2019, I didn't beat the market. I only made 16%. But in 2016, I made 45%; in 2017, I made 58%; in 2018, I made 14%; in 2020, I made 105%; in 2021, I made 73%; and I'm up 17% YTD. Beating the market every year. Why does stock-picking get such a bad rep? Because fund managers face awful obstacles to beating the market: money flows in at the top and flows out at the bottom; they collect enormous fees; and they can't easily invest in microcaps. For retail investors like me, stock picking can work very well. You just have to do a lot of hard work, research like hell, and try to keep your beta low.
Post: Wait Till Next Year
Link to comment from March 31, 2022