Able Quote by Daniel Kahneman

Stock-picking is like gambling: those who win well, seldom bet, but when they do, they bet heavily.

— Charlie Munger

Twenty years in this business convinces me that any normal person using the customary three percent of the brain can pick stocks just as…

— Peter Lynch

There's quite a bit of evidence that even professionals don't show any ability to pick stocks or to predict market rollbacks. Most of the…

— Eugene Fama

Average investors can become experts in their own field and can pick winning stocks as effectively as Wall Street professionals by doing just a…

— Peter Lynch

The ability to select stocks, manage them over time and know when to sell them is incredibly difficult, even for professional fund managers.

— Barry Ritholtz

My experience is that very few people have what it takes to be a successful investor, as I discussed in The Arrogance of Stock…

— Whitney Tilson

Being a successful investor & winning in the stock market is a matter of skill & discipline and not luck alone

— Jack D. Schwager

Investors... can't pick stocks that are better than average. Stocks are a good thing to own over time. There's only two things you can…

— Warren Buffett

Here is a dirty little secret: Stock-picking is wildly overrated. Sure, it makes for great cocktail party chatter, and what is more fun than…

— Barry Ritholtz

[In picking stocks] You really have to know a lot about business. You have to know a lot about competitive advantage. You have to…

— Charlie Munger

Amateurs look for challenges; professionals look for easy trades. Losers get high from the action; the pros look for the best odds.

— Alexander Elder

Amateurs want to be right. Professionals want to make money.

— Alan Greenspan