Stock picking is exceedingly difficult and those who do it should be prepared to lose a big percentage of their investment.
Why probably won't you win picking stocks? You may be very smart, but when you buy a stock at a particular price, you’re buying it from someone who also may be very smart and has access to all the same information that you do. You're betting it goes up while she’s betting it goes down. Are you really so sure you’re smarter than she is? Stock picking is exceedingly difficult and those who do it should be prepared to lose a big percentage of their investment.