Don't try to beat the market from "summary" of The Investment Answer by Gordon Murray,Daniel C. Goldie,Gordon S. Murray
Attempting to outperform the market by picking individual stocks or timing the market is a common mistake made by many investors. This practice is often driven by a desire to achieve higher returns than the overall market, but it comes with significant risks and uncertainty. Research has shown that most professional money managers are unable to consistently beat the market over the long term, despite their expertise and resources. By trying to beat the market, investors expose themselves to unnecessary risks such as higher fees, taxes, and trading costs. Additionally, the time and effort spent on trying to outsmart the market could be better allocated to other important aspects of financial planning, such as setting clear investment goals and maintaining a diversified portfolio. Ins...
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