This idea that you cannot beat the market is totally and completely false their many investors well known and unknown that have managed to beat the market consistently. One good example is the value line investment survey their rating system is about all the proof you really need. Jim cramers hedge fund managed to delivered a 24% return after fees. Peter lynch from fidelity investments managed to out perform the standard and poors five hundred year after year by a wide margin when he was a fund manager. Than theirs the late benjamin graham the father of value investing his record of out performing the standard and poors five hundred is remarkable. Than theirs jim rogers who has been right on the money again and again. And finally warren buffett. Most investors just do not have the nerve to step into the market when theirs lots of great bargains. Warren buffett always says it best. Buy when everyone is fearful and sell when everyone is greedy.