The Market Isn't As Smart As You Think It Is

Many feel the market is something to be overwhelmed by. They are intimidated by the "intelligence" of it. To be honest, the market is filled with people who aren't as smart as they think they are.

In this video I discuss how most money managers cannot be the S&P. At the same time, the financial services industry is full of people who really don't carry high degrees of smarts. Sure there are some high intellectual people involved with quant funds and things of that nature; ones who IQs are off the charts. However, that is not the bulk of the financial industry.