Stock Picking is Time Consuming and Destined for Underperformance
I haven’t always been an index fund investor. When I started investing, I was a value stock picker. I wanted to invest in company stocks that were selling below than their intrinsic value. I spent hours reviewing company annual reports, Securities and Exchange (SEC) documents and listening to company conference calls. During those years, there were some amazing wins – I bought Oracle priced in the teens and sold it for over $1...
Published on July 02, 2021 14:00