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Well 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/underperfo
by bidirectional 5y ago
Well 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?