Some people get a thrill trying to pick the right stocks, but the majority are afraid they will pick the wrong ones. But here is a statement: As long as you invest in a market ruled by professionals, you will always buy a fair priced stock. To understand this statement, you have to understand how share prices are set and who affects them.
Who affects share prices?
Certainly not you and me when we are talking larger stocks. Of course we cast our votes with our money, but we at too small to matter in the big market. A lot of people let an investment professional manage their funds instead of trying to do so themselves. This causes that the most successful and thorough professional investors often obtain control over large sums of money and thus more power to determine what the share prices should be.