In actively managed funds,
professional stock pickers use sophisticated research and human judgment to choose which investments to include in the fund.
Investors Sour on Pro Stock Pickers Investors are jumping out of mutual funds managed
by professional stock pickers and shifting massive amounts of money into lower - cost funds that echo the broader market.
In fact, it may be truer to suggest that a layperson with a reasonable grasp of middle school math — combined with the rarer traits of discipline, grit and humility — is capable of building a portfolio that could beat the majority
of professional stock pickers over the long - term.
If the EMH is proven false,
professional stock pickers will tout their necessity once and for all.