Some people believe in the Loch Ness monster and Bigfoot, while others cling to the notion that they can beat the market if they find just the right system for buying stocks and bonds.

I’m not going to refute the existence of cryptids like Nessie or a giant walking carpet, but I would like to suggest that, over a lifetime, most do-it-yourself stock pickers will under perform their benchmark indexes.

Read the rest of my Globe and Mail article.