See @Tommmy’s answer for the FAQ link, and here is a related post: https://blog.freetrade.io/how-a-zero-fee-stockbroker-makes-money-97841b0f19d7
As you can infer from the data points in my answer, we have done extensive research and modeling.
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That’s a shame. I deleted my Instagram account yesterday.
I agree with all your initial points above, in particular point 1, however the bet was not really about picking who will beat the market, it pitted an index fund against a fund of funds, and is really all about the fees, which do not outweigh the so-called expertise of fund managers (who, let’s not forget, make their money from fees, not from doing well against the market):
I agree most investors are best in an index fund vs shares say (to stop them getting too interested in the day to day swings if nothing else), but Buffet in particular is a contrarian and value investor and picks individual companies. His investing is predicated on the market being wrong (undervaluing, overvaluing), and that you can beat the average returns of the market.
Personally I would never invest in any kind of fund (save a low-fee tracker fund), but I wouldn’t necessarily avoid buying shares directly, as long as fees for holding them were not high - the market is often wrong or late, even if in the long run on average it provides good returns.
Did you see John Oliver’s Last Week Tonight section on BitCoin (Monday 12th March In the UK)? Best explanation on crypto currencies I’ve seen so far.
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Yes, he nailed it (as he usually does) and I came across this also:
https://jesuscoin.network/
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Probably best not to say ‘nailed it’ in the same reply as Jesus Coin 
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