I've read statistics that something like 90% of professional money managers failed to beat the S&P. I wonder though how much that really means... There are a lot of funds out there whose objectives are not as simple as beating the S&P. I'm curious if there's data on the subset of money managers whose objective is to beat the S&P over the long term, what percentage of them are successful? Also, how do DIY investors within this same subset compare to professionals?
What motivates this question is that I want to know about where I stand on the spectrum. Since 2009, I've beaten the S&P by an average of about 3.9% per year. Does this make me an investing genius? Average? Dunce? Or maybe I'm within 1 or 2 standard deviations and just a little lucky...
Submitted October 30, 2021 at 09:55AM by RobertKesselring https://ift.tt/3brVB4e
