I had read this somewhere in The Economist that:
"You will almost never find a fund manager who can repeatedly beat the market. It is better to invest in an indexed fund that promises a market return but with significantly lower fees."
Also past data has proven 85% of fund managers have underperformed...http://myiris.com/chatmasala/transcript/transSanjiv.php
What do you think?
Is it true that you cannot beat the market?
"You will almost never find a fund manager who can repeatedly beat the market. It is better to invest in an indexed fund that promises a market return but with significantly lower fees."
Also past data has proven 85% of fund managers have underperformed...http://myiris.com/chatmasala/transcript/transSanjiv.php
What do you think?
Is it true that you cannot beat the market?