And yes, some of the best mutual funds do fall prey to their own success, but it is mostly because they can’t move that money fast enough, not because they don’t pick the right stocks. I’m not sure where your countless studies are that show mutual funds don’t beat the market, but I can easily find many, many that have over the same periods of time. However, with mutual funds you more or less have the same problem that you do with stocks, you have to pick the rights ones. With mutual funds though you are looking for the right segment — growth, value, income, etc. — as opposed to stocks where you are almost always looking for stocks in the current cycle that are performing well — tech, oil, construction, etc. — and tend to be more short term.

In any event, thanks for the comment!

Beating the market as an individual is much easier than as a mutual fund with billions of dollars, but it takes considerable amounts of time. Everything I’ve read on the subject talks about spending at least an hour a week on each stock you own. Most people can’t/won’t make that kind of a commitment…