Why It's So Hard to Beat the Market P1 | Common Sense Investing with Ben Felix

Watch my video to find out why on average, active fund managers consistently underperform the market.

Let me know what you think in the comment section below. Thanks!

Referenced in this video:
Luck Versus Skill in the Cross Section of Mutual Fund Returns - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1356021
On Persistence in Mutual Fund Performance - https://www.jstor.org/stable/2329556?seq=1
Scale and Skill in Active Management - https://www.nber.org/papers/w19891
William Sharpe’s 1991 paper The Arithmetic of Active Management - https://web.stanford.edu/~wfsharpe/art/active/active.htm
Why Is It So Hard To Beat the Market? part II - https://www.pwlcapital.com/why-is-it-so-hard-to-beat-the-market-part-ii/
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Видео Why It's So Hard to Beat the Market P1 | Common Sense Investing with Ben Felix канала Ben Felix