I’m not the only one who has argued against stock picking either. Consider what Bill Bernstein, the famed investment writer, said on the topic: “The very best way to learn about the dangers of individual stock investing is to familiarize yourself with the basics of finance and the empirical literature. But if you can’t do that, then, sure, what you have to do is put 5% or 10% of your money into individual stocks. And make sure you rigorously calculate your return, your annualized
