There is yet a second reason why picking winners is not pure folly for the ordinary investor.

FORBES: Why Steve Rattner is Wrong on Crowdfunding

Well, before the mutual fund and financial planning industries convinced everyone that such a venture was pure folly, that is.

FORBES: What is the Difference Between De-Risking and Raising Cash?

Frankly, I think the chances of the public suddenly abandoning their bond funds, those very same bond funds that have treated them much more kindly than the stock market did over the past decade, is pure folly.

FORBES: Can It Really Be That Easy, That Obvious?