What advantages does a small investor have over a fund manager? A friend of mine was having this discussion. They keep telling me, you're only new at investing. You might as well just have your investments in a managed funds account. I'd like to think, the more time invested into something...the more you get out...but this is coming from a newbie. So the question arises, is there a big chance i can beat the odds "consistantly"? I guess, if the stock market is pretty much a zero sums game in that there is a winner for ever loser and via versa.... surely, if I tend to be losing a lot of money... then all I really need to do is do the opposite so I would gain..with consideration of spread/commission costs. I read in magazines that probably 90 percent of mutual fund managers can't beat the market.... I'm trying to understand this... i would have thought that if the market was close to a zero sum game... then shouldn't it be close to 50/50?