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MichaelVassar comments on Financial incentives don't get rid of bias? Prize for best answer. - Less Wrong
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The standard response to that is "the market can stay irrational for longer than you can stay solvent."
also, in my case
What historical rate of return on investment = rich?
It's a nice line but I think if being more 'rational' than the market causes you to lose all your money then you're doing 'rational' wrong. Rationality is supposed to be about winning, not about being 'right' but broke.
Consistently displaying positive alpha over 5+ years would be indicative of some genuine investment skill. Some top hedge fund managers seem to be able to do this but it is a pretty rare level of talent.
12+% with lowish volatility for 5 years would be impressive, especially if it's compounded.