I’m sure most of you have seen or heard the suggestion that ‘22 was, and ‘23 will be, “a stock picker’s market.” The idea here seems to be that with popular expectation of below average returns, stock picking is a better strategy than indexing or ETFs.
I’m putting this up for the sake of friendly conversation.
My own thoughts on that take are:
1.It seems to assume a near term time horizon for determining relative success or failure. Rather than “accumulate f...