It's so frustrating when people don't understand that the market has already priced everything into the price of a stock. When someone buys a stock that person thinks he/she knows more about the price of the stock than the rest of the market. There is plenty of academic research that shows stock picking doesn't work and shows that actively managed mutual funds do as well as passively managed funds. No fund manager can create a positive alpha over the long run.

I cringed when I read the title...