I’m sure Jim Cramer will be the last one to leave the burning building, but the era of stock picking is basically over. He continues to talk about index funds as being adequate for those who don’t have the time to research individual stocks, but investors — in increasing numbers — are too smart to fall for this shtick. The data is now so overwhelming that investors are voting with their pocketbooks. They are investing in index funds and not watching CNBC.
Cramer’s Own Research Is Lacking
The premise that investors who have the time to research stocks are likely to beat the market is a cruel joke, contradicted by the data.
Read the rest of the article at The Huffington Post.