That if you’re “not cut out for investing” you should merely use a passive strategy.

Thousands of incredibly smart investors all, from Paulson to Ackman, to the all the Tiger Cub funds, etc are “cut out to invest“ and believe and have read (as have I) what you referenced and linked.

Yet even they can’t put outperform the market constantly. And that’s the point; pretending that anyone can replicate Buffett strategy today fails to realize two things: 1) he doesn’t even follow his own advice regarding everything (an example being he indicates he’d never perform a split but BerkB is basically a split for all intents and purposes and 2: his built in advantages are ones no other investor can replicate.

Passive is and was never the dumb money. The dumb money are those who paid for active management and earned less than those that didn’t. That’s dumb.