Article did not have a very clear answer. Its more powerful to look at the alternative to index investing. First of all lets be clear that true index investing

Article did not have a very clear answer. Its more powerful to look at the alternative to index investing. First of all lets be clear that true index investing balances your equity/fixed portfolio based on age or some risk profile. As for alternatives, close to all money managers do not beat the market in the long term. There are exceptions but the vast majority are not going to beat it. So outside of index based investing my options are very limited. If most hedge funds lose to the market, how am I going to beat it? Might as well just settle for index investing and balance my fixed/equity ratio. No time wasted and in the long run most likely will come out ahead.