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There will never be a point of time when "everyone" will do it, viz /r/wallstreetbets. It's been known that trying to pick individual stocks is generally a suc
by throw0101a 5y ago
There will never be a point of time when "everyone" will do it, viz /r/wallstreetbets.
It's been known that trying to pick individual stocks is generally a sucker's bet since (at least) 1973, but people still try to do it:
* https://en.wikipedia.org/wiki/A_Random_Walk_Down_Wall_Street https://en.wikipedia.org/wiki/A_Random_Walk_Down_Wall_Street
- medvezhenok 5y agoSame with gambling. You will never get really rich (100M+) without stock picking but you’re going to be better off in the average case by sticking to the index. Similar to working for a startup vs working for a large corporation - working at a startup is like stock picking:)