That's exactly right. You might be able to beat the market if you put a lot of time into your stock picking research, but can you beat the market and pay yourse

That's exactly right. You might be able to beat the market if you put a lot of time into your stock picking research, but can you beat the market and pay yourself more than minimum wage for your time? Almost certainly not. And unfortunately, doing it as a hobby for the fun of it, isn't a workable compromise, precisely b/c beating the market requires so much work.