How often do you spot traffic without guidance from ATC when you are out
flying"

How often do you spot traffic called out to you by ATC?

On a recent trip, while flying a PA32-300, I never saw traffic that ATC
called out to me that passed within two miles and 1000 feet vertical
separation. This was a flight of two T-38's.

On my last trip in a C182S with Garmin330 transponder and MX-20 display,
I watch as the display showed traffic passing 1500 feet directly
overhead, but never was able to eyeball the traffic. Earlier in the
flight, I did locate an aircraft 700 feet below and inside a mile.

All of the above occurred during daylight, clear VFR.