Stock picking 'a fool's errand'
One analyst says what others won't: It's really hard to find good stocks.
Even the analysts who spend all day poring over stocks say they can't get it right.
"Recommending stocks in the current environment may well be a fool’s errand," says a top Barcap quant researcher, according to The Financial Times. "Stock selection has rarely ever been more difficult than it has over the past two months."
Why wasn't he doing that the whole time?
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