If you think you can beat the market, you're probably wrong. And if you think your fund manager can, you're likely wrong again.
Roughly two-thirds of professionally managed large-cap equity mutual funds are outperformed by the Standard & Poor's 500 stock index after expenses. The one-third that beat the market in any particular year are just as likely to underperform the market in the next year, according to a study by Burton G. Malkiel, Chemical Bank Chairman's Professor of Economics at Princeton University and author of the book "A Random Walk Down Wall Street."
Read the complete article
Roughly two-thirds of professionally managed large-cap equity mutual funds are outperformed by the Standard & Poor's 500 stock index after expenses. The one-third that beat the market in any particular year are just as likely to underperform the market in the next year, according to a study by Burton G. Malkiel, Chemical Bank Chairman's Professor of Economics at Princeton University and author of the book "A Random Walk Down Wall Street."
Read the complete article
