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Masters in Business
Team Favorite At the Money: Should You Be A Stock Picker?
Dec 18, 2024
Larry Swedroe, the Head of Financial and Economic Research at Buckingham Strategic Wealth, dives into the allure and pitfalls of stock picking. He discusses why most retail investors struggle against institutional giants, highlighting behavioral biases and trading costs. Swedroe critiques the myth of successful stock picking, referencing Warren Buffett's strategies while advocating for diversified index investing. He acknowledges the thrill of stock picking but warns against its risks, suggesting a 'cowboy account' for speculative trades.
10:34
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Quick takeaways
- Engaging in stock picking can be appealing but is largely ineffective for retail investors due to high costs and biases.
- Successful investing relies more on sound principles and diversification rather than consistently selecting winning stocks.
Deep dives
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