How Policy Is Made

Actually you are not. You are trying to find studies that prove your point but they are flawed. The study you showed me was done on Mutual Funds. I have never invested in Mutual Funds and to take that study and say it is indictive of all investors would be wrong. I would say that people that invest in Mutual Funds might be the average investor but are not investors that are active and enjoy investing. I would think they are more the investor that does not watch their investments and are more likely to invest on emotion.

I agree it is easy enough to track your own returns but I noticed you didn’t pick a book that said “Mutual funds for the long Run”. You still haven’t proven your point that 2% of the people are able to time the market. I think we have a different view of investing. Yours is more passive and think that everyone that invests is like you, mine is more active and I think people that are active are more intune with the market. Maybe for people like you, you would be correct, but for people like me, I would be correct.