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.