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The logical conclusion seems to be that individual stock picking becomes more attractive (there are overperforming stocks, but the vanguard funds can’t take adv
by badpun 8y ago
The logical conclusion seems to be that individual stock picking becomes more attractive (there are overperforming stocks, but the vanguard funds can’t take advantage of it).
- LUmBULtERA 8y agoThis -- you'd expect that actively managed funds would start, on average, to give better performance than the low-cost passive indexes. In the long-run this would likely reach an equilibrium where, on average, results are comparable -- minus fees. We are not there yet. Maybe we never will, because reasons.