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Why do most fund managers underperform?

updated on July 18, 2021March 1, 20184 Comments on Why do most fund managers underperform?

Most fund managers don’t beat the market. Are they lousy investors? Or do you have to be extraordinary to beat the market? I don’t believe it. And you shouldn’t believe it either. Because you want to beat the market. I’m a stock picker, you know that already. And I’m a kind of value investor, too. Nothing new for you, I …

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