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Picking stocks is a losing bet, this market legend says. Here’s his winning strategy.

219d ago
Business
MarketWatch
Picking stocks is a losing bet, this market legend says. Here’s his winning strategy.
David Booth of Dimensional Fund Advisors (DFA) argues that individual stock picking is often a losing strategy. He emphasizes the market's collective intelligence, stating, 'The market knows more than you.' Booth advocates for a strategy that leverages this collective knowledge, suggesting investors should consider broad market exposure rather than attempting to outperform through individual stock selections. His approach centers on acknowledging the limitations of individual expertise relative to the market's overall wisdom.
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