I know that due to being interested in a specific industry, lets say Video Games, I can combine a general understanding of the environment, to a specific understanding of certain companies and the games they're making. If I see in a low-key mailing list that a company is making a new game that I know will line up well with the direction the industry is going, then I can invest in that company and likely be ahead of the market.

My hunch is that if you spend more than 6 hours a week studying the mood of a industry, you would likely be "luckier" than the market (although all risks still apply). I also believe a LLM could do exactly what I do with enough investment.