Are you as smart as Homer Simpson? Then, you should try your hand at managing a MF and picking its stocks. I'd really like to see your record for the next 10 years. It ain't that easy. There are a few managers who consistently do much better. Joel Tillinghast at Fidelity FLPSX, for one. That MF merely beats the S&P500 index by 2:1 for the past 20 years. It's the top ranked MF in the business, for ROI and consistency of ROI.