More than 90% of active fund managers fail to beat the S&P 500 over a 20 year periodHow is that even possible, who keeps giving them money?
>>61252114I've had decent sized positions in four of vanguard's better actively managed funds for a little over a decade now. they're pretty much all total trash lmao lol
>>61252176I just don't understand how there's this entire industry around finance when it basically boils down to indexing whatever you canThe only exception I can think of is the man himself, and when you boil down his strategy he didn't "pick stocks" as much as he picked companies that he believed in and wanted to buy large percentages of or the entire thing
>>61252114Stock picking is a game that is impossible for 99% of people to understand. It's allocation of capital, yada yada yada.Basically to make money you have to buy something everyone else wants tomorrow today. This is basically impossible if you use someone else's money because it's super risky. Any one who thinks they have it figured out gets rugged by the next "news cycle" or "fad" or "bubble"
>>61252114The s&p will always just go up, because of people automated ira's or 401ks that will always buy in
