The key takeaway from these referenced material is that while passive investing sounds great on paper, in practice, active stock picking by careful long term oriented investors wins out. (valuestockguide.com)
LIC's with a similar investment strategy can provide a good opportunity for the strategic investor or the investor who doesn't want to do too much work but would like a little active stock picking in their portfolio. (wealthfromthirty.com)
People point to Warren Buffett as proof for how and why active stock picking works, but they don't understand that it might just be that he has to exist. (wheredoesallmymoneygo.com)