According to a recent study, very few professional investors have actually managed to outperform the rising market consistently over the past few years. In fact, based on the updated findings and definitions of a particular study, it appears that no mutual fund managers have.
1. What is a mutual fund?
2. What does the article conclude about probability theory and picking stocks?
3. What is an index fund?
4. What is the take-away idea about skill when predicting stock performance?
Sommer, J. (2015). How Many Mutual Funds Routinely Rout the Market? Zero. The New York Times, March 14 (Retrievable online at http://www.nytimes.com/2015/03/15/your-money/how-many-mutual-funds-routinely-rout-the-market-zero.html)