As we saw in Chapter 8, very rarely. You’ll recall the research shows ~20% outperform in any given year and looking at a 30-year period that drops to less than 1%. Statistically speaking that’s a rounding error; just so much noise. This is what your highly paid advisor is selling you. If you are a novice investor you have two choices: You can learn to pick an advisor. You can learn to pick your investments.
