Luck or Skill?

"If there are 10,000 people looking at the stocks and trying to pick winners, one in 10,000 is going to score, by chance alone, a great coup, and that's all that's going on. It's a game, it's a chance operation, and people think they are doing something purposeful . . . but they're really not."

- Merton Miller, Nobel Laureate in Economics

Is it possible to meet or beat the market through stock selection and market timing? Yes

Is it probable? No