Business
In a companion podcast to an Investopedia article from late 2016 that I wrote, I discuss the irrefutable data that shows why picking individual stocks in which to invest is a vastly inferior and riskier strategy than using index funds and ETFs. Somehow this managed to simultaneously piss off clueless millennial day-traders and grey-haired, dinosaur, old-school, stock-picking financial advisors. Nice! http://www.investopedia.com/advisor-network/articles/082616/why-stock-picking-losers-game/ "The Behavior of Individual Investors", Brad M. Barber and Terrance Odean: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1872211 "Eye On The Market (Special Edition)", September 2014, JP Morgan Chase & Co.: https://www.jpmorgan.com/cm/BlobServer/Eye_on_the_Market_September_2014_-_Executive_Summary.pdf