No, this is definitely wrong. You're comparing an apple (average returns by investors) against an orange (average annual index returns). 50% of of returns, ov

No, this is definitely wrong. You're comparing an apple (average returns by investors) against an orange (average annual index returns). 50% of of returns, over all investors, beats the median (not average) returns over all investors, by definition, but the annual median returns over all investors is much smaller than the average annual index return. A very small number of people/investors (1) have beaten the average annual S&P returns over the long term. (1) https://www.amazon.com/Four-Pillars-Investing-Building-Portfolio-ebook/dp/B0041842TW https://www.amazon.com/Four-Pillars-Investing-Building-Portf...