Very well put. It is VERY hard to beat the market unless you have inside information. The cost of buying enough stocks to have a broad portfolio is more than

Very well put. It is VERY hard to beat the market unless you have inside information. The cost of buying enough stocks to have a broad portfolio is more than a few basis points to a cheap index fund. Even most active mutual funds fail to beat the market. Many hedge funds fail to beat the broad market. Since the market is a self correcting average, even the top professionals are just that - average.