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How to Beat the Market by Picking the Jockey
There's a reason Buffett is indexing his wife's when he goes away, he's indexing the money that she'll have. Some folks are able to beat the market by, you know, picking the jockey. Mutual funds are structurally, they're set up to fail because even if you find a young market beating fund manager, once the fund gets bigger, it's harder to beat theMarket.