There are studies that have been done that show that many mutual funds cannot beat randomly choosing stocks (including throwing darts at a list of stocks). Most professionals that run a mutual fund don't perform better than a standard index fund over the long term.
This is why I typically suggest that investors split their portfolio into 2 main groups. A portion of their income is invested in index funds and the other portion in great stocks like I show on the Watch List.
Don't trust the 'rat' in Dilbert's world - invest only in great companies. If you want to use a dart, print off the Watch List, put it on your wall, and throw darts to pick the ones to start your portfolio.
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