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Interesting article comparing actively managed funds vs. index funds. I like his point that index funds will essentially perform at the average and while say 50% of actively managed funds will do better than the market, 50% will need to do worse. That’s not entirely true as we might hope there are lots of stupid individuals doing stupid things, so maybe managed funds can do better than the total average.
The point being: don’t waste your money on a managed fund, just use an index fund.
Anyways, check it out: Index funds vs. active funds