Correction: Professional Money Managers Are Even Worse!

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