It's interesting: when questions like this are asked, you definitely hear the sentiment echoed of "nobody beats the market consistently." Which appears to be t

It's interesting: when questions like this are asked, you definitely hear the sentiment echoed of "nobody beats the market consistently." Which appears to be true, at least for the stats I've seen on money managers. But for the smaller investor, where liquidity is less of an issue (we're not dumping tens of millions at a time), could there be an advantage there? Or someone privy to industry information - e.g. I knew that New Relic was really popular, because I consult with startups, long before they went public. No surprise on their stock growth. Just thinking out loud here... I'll probably just stick with our Vanguard Target Date Fund. :)