Are successful money managers actually talented or are they just lucky? Far less than half succeed in beating a simple index of stocks which is worse than flipping a coin. Kiplingers columnist and hedge fund manager Andrew Feinberg announced he's giving up and going mostly with index funds to be sure of getting average returns. (Nov '15) You can increase your chances of outperforming money managers by doing the same. This is a case where average is very good.
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com
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