10-year

10-Year Anniversary Promotion (20% off)

Join GuruFocus Premium Membership Now for Only $279/Year

Once a decade discount

Save up to $500 on Global Membership.

Don't Miss It !

Free 7-day Trial
All Articles and Columns »

Can your fund manager beat the market?

August 02, 2006

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


Rating: 3.0/5 (1 vote)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK