> Of course there are, but for how long? Long enough to rule out chance? Over 20-30 years. Private equity in the US averages 15% annual return, including fund

> Of course there are, but for how long? Long enough to rule out chance? Over 20-30 years. Private equity in the US averages 15% annual return, including funds that close/died with a total loss of capital. Citadel hedge fund was 20% annual return to the investor after fees (individual years range from -10% to 50%). Before fees (that is; their stock picking ability) returns about 40-50%. Not to mention quant/HFT firms that consistently do 40-80% annual returns over 15-20 years. No wonder quant TC is 2-5x the TC of FAANG AI SWEs. All the above is closed to “retail” investors, though. It’s not fair, but that’s life. For most people (less than $10M net worth), VTI/VTSAX/VOO is the best you can do.