Is INVESTING still an art ?

Peter Lynch said - Investing is an art. Is it still true or it has become more mathematics and computer science. Why are most fund managers not able to beat their benchmark? If everyone has read The Intelligent Investor , The most important thing etc will the nature of things change and then it will not be useful. If everyone starts to do things differently think2nd level.thinking,will they not end up doing the same thing.

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