They try to beat the market by stock picking.
And it's been shown time again that over the long term over 90% of stock pickers and fund managers can not beat a passive index fund.
So all these people had to do was put 98% of their money into a passive index fund and 2% Bitcoin instead of wasting hours of their lives stock picking and timing the market.
So the investing and stocks sub reddits may look down on us, but the Bogleheads sub looks down on them for being arrogant enough to ignore decades of data in attempting to beat the market when the vast majority never will.
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