An invstor who does not understand the economics of specific companies should periodically invest in an index fund, knowing nothing investor can outperform most of investment professionals.
The above is the view point of Mr. Buffett, in short “dumb investors” acknowledge their limitations, dumb ceases to be dumb.
In old Chinese wisdom, three dumb guys can defeat a wise man. If you believe it, you are dumb. Do you want to be dumb ?, may not be a bad idea.
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