The passive style of investing advocates present their case by stating that the markets are efficient. In other words, the vast majority of information that can be known is already in the market place and therefore there is no advantage to spending effort in researching stocks because there is little that is unknown about their prospects. I
We believe investors are made, not born. And for even the most advanced financial whizzes, ongoing education remains a key part of managing money well. Whether you're just getting started with investing, or you're getting close to retiring, maybe it's time to go back to school -- or at least re-fill your Kindle.
Financial projections that make sense in your business domain, and cross-foot with available data from independent market analysts are no guarantee that you can deliver. They do show you already stand out from the crowd of talk-only entrepreneurs, understand financial realities, and are willing to commit.