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The impeccable track record of index funds suggests that "Even just one of the top funds has an infinitesimally small chance of existing randomly" is not actual
by kennywinker 5y ago
The impeccable track record of index funds suggests that "Even just one of the top funds has an infinitesimally small chance of existing randomly" is not actually correct.
- bidirectional 5y agoWell index funds aren't 'the top funds', they're the benchmark against which the alpha of the top funds is measured. If we change the framing to over/underperforming the S&P500 I don't see how the argument changes. RenTec is up 66% per year since 1988, how could that possibly be random?