> Do you consistently (over several years) beat the reference index ? [after fees] Most fund managers don't achieve this: "Most active fund managers in the US

> Do you consistently (over several years) beat the reference index ? [after fees] Most fund managers don't achieve this: "Most active fund managers in the US failed to beat the market over the past year, according to another dispiriting report on an industry that often claims it will come into its own during periods of volatility."[0] An a complete outsider to that field, I'm curious how (and why) they keep their jobs. [0] https://www.ft.com/content/7e4c0d91-8b6d-419b-9be3-80131d5cb462 https://www.ft.com/content/7e4c0d91-8b6d-419b-9be3-80131d5cb...