I’ve posted Entry #16 to my weekly Beyond Buy-and-Hold column at the Out of Your Rut site. It’s Called Stock Picking Works (But Probably Is Not for You).
Juicy Excerpt: Warren Buffett is not just lucky. Warren Buffett knows what he is doing and he obtains far higher returns than indexers as a result. It’s wrong for indexers to argue that indexing is the only way to go. And it’s entirely unnecessary from a marketing standpoint. Indexing is wonderful. Why not just say that and explain why it is so while being entirely straight up about it?