Quote:
Originally Posted by LJalberta
Of course he also says that almost no professional fund manager will beat the indexes in the long run, and that it's not a matter of not doing the 'hard work' of making investment decisions. It's the fact that to actually beat the markets you'll be a statistical anomaly. It's rare professional fund managers do it, and even more rare the average joe will do it. Of course someone's gotta be exception.
|
Here's a famous study on mutual fund performance.
The problem that Jock Bogle solved for individual investors was to reduce those high fees. That was his gift to humanity.
https://papers.ssrn.com/sol3/papers....ract_id=244153