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New Data: Active Investments Are Better Than Index Funds?

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The Irony of Using Low Cost Providers for Active Management

The Spiva study only looked at data from two low cost providers. Out of all the active managers in the universe, they chose Vanguard and fidelity. It's almost like if you ran a filter to see what are the 7% the 6 or 7% that actually outperformed. And then you're like, Whoa, what do you know? It's Vanguard andidelity.

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