I'm always amazed at people who don't do do this or know about them. I stopped trying to convince people that no matter how good "their guy" is, he has to do a

I'm always amazed at people who don't do do this or know about them. I stopped trying to convince people that no matter how good "their guy" is, he has to do amazing to offset his fees. And not just be amazing occasionally, but be amazing all of the time. If you dig into it, the math for mutual fund managers really just doesn't make that much sense at all.