In yesterday's post I originally said that less than 80% of professional money managers are able to beat their benchmark indexes...
That was accurate, in a pure sense. But...
What I really meant to say was less than 20% of them are able to do this! In other words, some 80% of actively managed mutual funds fail to beat their benchmarks!
Amazing, huh?
For more on this topic, check out this article:
http://www.investmentinternational.com/specialF/Does_active_stock.htm
Good investing,
James
Tuesday, October 9, 2007
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5 comments:
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Hello !.
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