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Are the Economy and Financial Markets Zero-Sum Games?
Money For the Rest of Us
The Underperformance of Active Managers
In 2022, the SP 500 returned negative 19.4%. The index funds match that return and S&P 500 index fund returned very close to negative 19. 4%. But if we look at the overall market, the mega cap tech stocks. So alphabet, which is Google, Amazon, Apple, Meta, Microsoft, those stocks which make a bigger portion of the index fell more than the average stocks. And so the average stock in the S&P500 did better than the overall index.
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