> Meanwhile, the finance industry has convinced people it’s “impossible” to beat the index in the long run. Did the finance industry do that? All I see when I

> Meanwhile, the finance industry has convinced people it’s “impossible” to beat the index in the long run. Did the finance industry do that? All I see when I look at the finance industry is people desperately trying to convince me that I can beat the index if I give them lots of money. I think what convinced people it’s impossible to beat the index in the long run is the continuous failure of active funds to do that.