How to Pick Out Hedge Funds

i would bet that over a ten-year period the unmanaged s&p index used by vanguard fund would beat these five funds that were all being managed. A hedge fund manager on top was getting paid perhaps a half a percent a year plus a cut of the profits for merely picking out who he thought were the best managers underneath. After eight years and several hundred hedge fund managers being involved is that now the totally unmanaged fund by vanguard with very very very minimal cost is now 40 some points ahead of the group of hedge funds. i'd like you to do imagine that in this room we have the entire new people own all of american that all the stocks in America are