Ramit Sethi argues that most investors should skip picking individual stocks and buy cheap index funds instead. Over 80% of professional investors with sophisticated tools fail to beat a basic Vanguard fund that costs almost nothing.
Can I tell you something you're going to find hard to believe, yet it's true? In investing, you actually want less control. As an example of how this works in the real world, over 80% of professional investors still fail to beat the market. Let me put it another way. You know those fancy people on Wall Street wearing those $3,000 suits? Even though they have access to essentially unlimited money, talent, offices, and technology, they still fail to beat a simple Vanguard fund that you and I can invest in.
