2min chapter

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Prof. Burton Malkiel: 50 Years of A Random Walk Down Wall Street (EP.252)

The Rational Reminder Podcast

CHAPTER

Standard and Pores Indexes Versus Active Management

In a single year, about two-thirds of active managers are beaten by the index. Over 20 years, it's more like 95 percent of the active managers were beaten by theIndexes. There are that few who can outperform. But looking for them is like looking for a needle in a haystack.

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