Taken together, some 2,000 stocks recommended on a popular television show over the course of the past 12 years by the show's guests, most of whom are successful consultants for multibillion-dollar stock portfolios, performed less successfully than the market as a whole for this 12-year period. ██ ████████ ██ ███ ██████ ████ ██████ ███ ███████████████ ██ █████ █████████ ████████
The author concludes that no one should take the advice of so-called expert stock consultants. This is because the stocks such experts recommended on certain a TV show over the last 12 years performed worse than the market did over the same period.
The author assumes that the stocks these experts recommended on this particular show are reflective of what the consultants recommend in general. The author also assumes that performance over this certain 12-year period is sufficient to draw conclusions about the consultants’ abilities.
Each of the following, if █████ ███████ ███ ████████ ███████
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Performance of the ██████ ███████████ ██ ███ ██████████ ████ ███ ████████ ██ █████ ██████████ ███████ ███ ███████████ ██ ███ ██████ ██ █ █████ ███ ████████ ██ ██████ ██ █████ ██████
Performance of the ██████ ███████████ ██ ███ ██████████ ████ ███ ████████ █████████████ ██ █ ██████ ██ █████████ ███ ███ ███████ ██ ███ ███ ████████████ ██████████
The stock portfolios ███ █████ ███ ██████ ████ ███████████ █████████ ██████ ███ ███ ████ ███████ ██████ ████ ███ ██████ ██ █ ██████