The odds are stacked against stock pickers 🎲

Stock returns have a significantly positive skew 📊

A roulette wheel. (Source: Wikimedia Commons)

Picking stocks in an attempt to beat market averages is an incredibly challenging and often money-losing effort. In fact, most professional stock pickers aren’t able to beat their benchmarks on a consistent basis.

One of the reasons for this is that few stocks actually deliver above-average returns.