That's actually not true. A study came out in March of this year that describes a simple screen: low fees + high manager ownership of the fund. Active funds pas

That's actually not true. A study came out in March of this year that describes a simple screen: low fees + high manager ownership of the fund. Active funds passing the screen beat the S&P 500 55% of the time and have a higher average return over a 20 year time period. That said, you have to hold for a long time to see that edge. If you don't the odds go negative again. http://www.investmentnews.com/article/20160318/FREE/160319927/american-funds-says-low-fees-manager-ownership-can-save-actively http://www.investmentnews.com/article/20160318/FREE/16031992...