Don't Expect to Beat the Benchmark
Paul J. Lim explains why active fund managers have such a hard time beating their index benchmarks - even in seemingly favorable markets.
"Evidence points overwhelmingly to the conclusion that active management of assets fails to produce satisfactory results for individual investors... Index funds provide a clearly superior alternative." -- David F. Swensen, Yale University, Chief Investment Officer
Paul J. Lim explains why active fund managers have such a hard time beating their index benchmarks - even in seemingly favorable markets.
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