The financial industry has a lot more incentive to perpetuate the notion that mutual funds are a strong investment than any one group does to coordinate an information campaign to contradict them. … The thing is, sometimes mutual funds do beat the market . It’s like stock picking – people should never think they can beat the market . They should just invest in diversified portfolios…but everyone thinks they have special talents in picking stocks, and so they try anyway. …
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Matthew Yglesias » The Mutual Fund Fraud
Tags: aggregate, basketball, beat-the-market, entire, investment, investments, market, matthew, Money, mutual-fund, notion, Technology, than, tips
