... financial andeconomic data to forecast market direction. If we have learned any-thing over the past 70 years from the likes of Cowles, Fama, Graham,and Harvey, it’s that this is a fool’s errand. ... profitable career. In fact,having gotten this far in the book, you know far more about thecapital markets than the average broker. I have yet to meet anybrokers who are aware that small-growth ... each company’s fundamental financialdata, industry trends, and marketing data? Hardly. The average brokeris a salesman, not an expert in finance. Your broker’s stock picks comestraight from...