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Cramer Controversy and the Perils of Stock Picking (TSCM)

A great post on stock picking, Roger, and an important one for the Seeking Alpha community.

My personal experience is that a very smart person who spends alot of time understanding 1) market forces and 2) particular stocks/sectors can outperform on a reasonably consistent basis, if they are prepared to go short and give due attention to asset allocation. Emphasis on 'alot of time'.

But this is not the typical investor, and there certainly are risks involved that for most people don't justify the approach vs. just buying a index fund.