Kahlo: Up to 99% of Non-Professional Stock Pickers Underperform the Market
Mercer Kahlo · Real Estate Beats the S&P 500 (By a Lot) · Nov 3, 2025 · at 17:49
Developer Mercer Kahlo and host Paul Morris discuss retail stock picking failure rates relative to professional SPIVA data.
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“If the professionals are failing at that rate, then as an individual, I think you, if you looked at individuals probably there who are not professional stock pickers, That 91% is probably closer to 98, 99, 97. It has to be.”
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