stock picker
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Jan 20, 2026 by Morgan Housel · across every show →
Everything said about stock picker, oldest first
Jan 20, 2026 bearish
Housel: Widespread Mutual Fund Underperformance Is Natural and Statistically Expected
“It's the same in investing. Like, there should not be a world in which every ambitious stock picker can beat the market. Of course, whenever you hear the statistics about 95% of mutual funds underperform their benchmark, I'm like, yeah, what would you expect?”