This post has nothing FLG hasn't heard before, nor anything that he hasn't mentioned at some point on his own blog.
Nevertheless, FLG is constantly amazed at the number of smart people who think they can beat the market. In fact, over Christmas during a cigar, FLG got in a friendly disagreement with his father-in-law about the potential to beat the market. He's an intelligent and successful man, but steadfastly refuses to believe the market can't be beat. Or more accurately, can't be beat by a retail investor over the long run.