Recently we have had some client conversations justifying our position that trying to predict which investments will provide superior performance long term will provide a substandard result. We continually assert that there is an abundance of information that indicates that the majority of fund managers (managing portfolios on client’s behalf) can not consistently outperform the market after fees and taxes.
The following link is a video which features Burton Malkiel – Author of a Random Walk down Wall Street and Professor of Economics at Princeton University discussing why investing in the index is such a sound strategy.
