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The Black Art of Stock Picking

History has demonstrated that portfolios comprised of carefully selected individual stocks are unlikely to outperform investment portfolios consisting of low-cost, market-tracking index funds. And yet, even ardent supporters of index-tracking ETFs sometimes engage in the black art of stock-picking. If you decide to sin a little by investing a share of your portfolio in shares of individual companies, there are steps you can take to improve your chances of success.