Wall Street the movie......?

The S & P 500 are so calle "blue chip" stocks that are stocks you invest in because they are low risk producers expected to be there year round. Fund managers are there to set you up with portfolios to maximize your revenue buy picking "winners", stocks that give you a high rate of return on your investment. What Gekko is saying is that most portfolio or fund managers never put together a portfolio that earls above average return on your investment. They are not willing to pick only the risky investments because they fear losing their clients. He wants a man who will pick the risky stocks because they know something other managers do not. He wants a wolf and not a sheep. It is a play off the phrase the wolves of wallstreet.

No fund mgrs can beat the S&P in the long run. In fact, time and time again, monkeys throwing darts at a board do as well or better than stock brokers. As for being sheep, I guess he means that they are just following the herd and don't have guts.

I'm guessing at least some of them have guts, but they still are no better than luck.

that made no sense