Would you do your own surgery?

A sincere welcome to all new members (a record for us)! We also want to thank all those who have granted memberships to others.

The present post is old hat to existing members; new members will find it surprising.

Wall Street wants your business.  To get it, they use a number of approaches. One of these is to present themselves as highly trained experts.

“You wouldn’t do your own surgery!” the “pros” say. “You need us to make investment decisions for you. We are pros just like your surgeon, dentist, or lawyer.” Many, indeed, are highly trained. Further, they have the best software, hardware and office support, they have access to C-suite executives whom they interview, their position is possessed by only a few. How valuable is all that for investing effectively?

In 399 BC, Socrates went to his death for several reasons one of which was questioning pro competence which is possessed by only a few. Was he right to do so?

In less than an hour, the Monday Morning Program can teach high school students how to equal the market. The number of “pros” who can do so after fees over the course of a market cycle (peak to trough to peak) is much closer to 0% than it is to 5%. Read that again – it is not a misprint.

Here is another example of the “pros” at work.

In 1998, Long-Term Capital Management needed a bailout of billions by more than 10 financial institutions in order to prevent market panic. Some of Wall Street’s most renowned “pros”, judging by their incomes, as well as two Nobel Prize-winning economists, managed it.

None of what we say here would surprise Socrates.

With the habits of the Monday Morning Program, luck hardly matters.

Good luck!


We have designed the Monday Morning Millionaire Program to offer abstracted investment education. Over the last two decades, the program has outperformed over 90% of portfolios, including professionally managed ones.

The program does not provide any investment advice or endorsements.

Members can read our posts in less than five minutes. Following and studying the links embedded in these posts would take longer. How members manage a post depends on their level of interest and investing knowledge.



Dr. Milan Somborac

The Monday Morning Millionaire Program supports do-it-yourself (DIY) investors which I have been for over 50 years. About my team and me