# Retail investors are not more sophisticated than 30 years ago, says former hedge fund manager

- Source: CNBC
- Published: 2026-10-24T15:00:01+00:00
- Category: Markets
- Original: https://www.cnbc.com/2026/10/24/stock-picking-could-hurt-investors-warns-former-hedge-fund-manager.html
- Canonical: https://groundlevelnews.com/story/retail-investors-are-not-more-sophisticated-than-30-years-ago-says-for-f06e15/

Retail investors trying to beat the market by buying individual stocks and complex exchange-traded funds may be better off with broad market index funds.

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