let's ask joel greenblatt, g gotham asset management. so can stock picking still win welcome. >> thanks for having me. >> is it something about this year in particular where this old argument about sure you can pick stocks and still win or do you just think over time there is still a case to making alpha? >> sure, that is a great question to beat the market, you have to do something different than the market returns will zig and zag differently. i wrote that book in 2011 and i always say it is still a big secret because no one bought it, but between 2000 and 2010, i wrote up a study of the best performing mutual fund and it was up 18% a year the market was flat, but average investor managed to use 11% by moving in and out at all the wrong times they piled in after market went in and they turned the gain into a loss so that is really the problem with active management almost those minority active managers, and there are some good withins out there, most people can't stay with them because they have to live with periods of underperformance

season, it may be that stock picking pays off we'll dive into the active/passive debate with joel greenblattss alone. why one economist says these anti-american heros deserve way more respect than they get and let the battle begin, the high stakes trial between apple and qualcomm kicks off today we'll run through what you need to know. but we