[Zygote]

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I sort of think of the people whose general investment strategy is to pick and choose individual stocks (or who would trust a mutual fund more than an index fund) in the same way I think about politicians (and voters) who think they can fix problems by interfering with the market. People see an idea and think it's a good one, but don't seem to fully realize that their idea is shared by a lot of people and already contributes to the price of the stock.

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i dont get your analogy. the only part i understand is the last sentence - would you mind elaborating on the earlier parts?

Regarding the last part, just because other people realize similar things as you do doesn't mean there isn't opportunity to make money. If the money put down by those who agree with you doesnt out number the money put down by those who dont agree with you than opportunities to make money still exist (assuming you're right).