That actually is factually misleading. Active has greatly outperformed in foreign securities net of fees: https://www.ft.com/content/d93100ca-acf4-11e6-9cb3-bb

That actually is factually misleading. Active has greatly outperformed in foreign securities net of fees: https://www.ft.com/content/d93100ca-acf4-11e6-9cb3-bb8207902122 https://www.ft.com/content/d93100ca-acf4-11e6-9cb3-bb8207902... In domestic markets, active management has not out-performed net of fees, but there are bad people in every profession: https://www.nb.com/pages/public/global/insights/the-overlooked-persistence-of-active-outperformance.aspx https://www.nb.com/pages/public/global/insights/the-overlook... You also have to remember these statistics only look at mutual funds and most of the best investors don't offer mutual fund products. Passive investing should work for many investors. I think fees though are a bigger culprit though than active vs. passive.