A look at a couple of studies that find that the folk who are picking stocks for a living show only marginally more consistency in making good choices than rolls of the dice would. Not that they're likely to admit it (even, or especially, to themselves).
The Illusion of Stock-Picking Skill – Wealthfront Knowledge Center
An excerpt from author and Nobel Laureate Daniel Kahneman’s bestseller discusses investors, advisors and the role of judgment biases in investing.
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Sir, methinks you besmirch the good name of dice.
+The Bruce, Mile High True. Dice don;t necessarily include a percentage for the house.