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All the time and effort people devote to picking the right fund, the hot hand, the great manager have, in most cases, led to no advantage.

Peter Lynch
Hands, People, Effort
Peter Lynch (2012). “Beating the Street”, p.60, Simon and Schuster
All the time and effort people devote to picking the right fund, the hot hand, the great manager have, in most cases, led to no advantage.