Do you think the market is so efficient that anyone who outperforms it is merely lucky?
Or do you think the market is inefficient enough for a person smart enough to be able to outperform it by thinking?
In other words: Do you think a single person can rationally decide to invest their time into thinking about the stock market? Or would that always be a fallacy, and whatever the outcome is - we can't decide if it was just good or bad luck?
Do you think the market is so efficient that anyone who outperforms it is merely lucky?
Or do you think the market is inefficient enough for a person smart enough to be able to outperform it by thinking?
In other words: Do you think a single person can rationally decide to invest their time into thinking about the stock market? Or would that always be a fallacy, and whatever the outcome is - we can't decide if it was just good or bad luck?