I see one flaw here: having people pick the best stocks can increase wealth by allocating money to where it is most efficient. For instance, going back in tim

I see one flaw here: having people pick the best stocks can increase wealth by allocating money to where it is most efficient. For instance, going back in time to 1965 and investing in Toyota instead of GM would not only have been a very lucrative move, but increased Toyota's ability to create wealth by increasing its access to capital.