WSJ columnist Jason Zweig elegantly analyzes and answers a current phenomenon: “It’s a stock picker’s market. So why aren’t more stock pickers doing better?”

Would you consider your own portfolio “diversified” if only three stocks accounted for more than 20% of the value of the portfolio? You might be excited at a cocktail party, but how well would you sleep if only one stock (Nvidia) accounted for more than 30% of the year-to-date return of the S&P 500?

Read on to learn more about how correlation and concentration are confounding stockpickers while following an evidence-based, long-view approach ignores the noise and chugs along.

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