My main point was that the quote you were "fixing": > It turns out that the average person is just not very good at picking stocks Is accurate, and not in nee

My main point was that the quote you were "fixing": > It turns out that the average person is just not very good at picking stocks Is accurate, and not in need of correction. As a sibling comment pointed out, the average for professionals is higher: by almost exactly what they cost, as it turns out. For various ergodic reasons, that means that an investor without personal alpha should stick with index funds.