Pro stock pickers can't beat the S&P

[Half Smoke]

.


it's old news but the article has some pretty interesting stats and commentary


over 3 years 74.3% of actively managed mutual funds trailed the S&P index

over 5 years 86.5% underperformed

over 10 years 91.4% underperformed

over 20 years 94.8% underperformed



https://www.nytimes.com/2023/04/14/b...lumnist%20says.


.

[Half Smoke]

.


it's old news but the article has some pretty interesting stats and commentary


over 3 years 74.3% of actively managed mutual funds trailed the S&P index

over 5 years 86.5% underperformed

over 10 years 91.4% underperformed

over 20 years 94.8% underperformed



https://www.nytimes.com/2023/04/14/b...lumnist%20says.


.

should have been more clear

was referring to the S&P 500 Index


.

[Don Perignom]

Paywalled.

I find active management to be somewhat of a conundrum because if I'm incapable of picking my own stocks, then I'm probably also incapable of picking a manager.

I may be missing out, but I don't own any mutual funds other than money-markets priced at $1. My biggest complaint is the once a day pricing. Occasionally if I run across a manager who seems smart, I'll look at his holdings for individual stock ideas.

[SySy]

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