Well I guess I've been lucky for ten years in a row then. Maybe you should tell Warren Buffet he got lucky too. Doing research and investing based on it isn't

Well I guess I've been lucky for ten years in a row then. Maybe you should tell Warren Buffet he got lucky too. Doing research and investing based on it isn't being lucky. It's called being prepared. Rolling a dice and picking stocks and then making money IS being lucky. If you massively diversify you are just going to get whatever the market gets and no alpha. If you are close to retirement, this makes sense. But for young people, generally your risk tolerance is higher and you have more time too. Here it makes sense to learn about companies, research, do your due diligence, and invest in individual companies.