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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Kirk © who wrote (22985)8/3/2006 11:35:19 AM
From: shres  Read Replies (1) of 42834
 
Kirk, that is pure nonsense. Malkiel was talking about 88% of managed funds not beating the market over the past TWO DECADES.

Mr. Mathematics says..."Do the math... He did not say 100%, he said 88%. That means 12% beat the index funds."

Yes Kirk but that's not the same 12% consistently year after year. Not a single managed fund beat the averages for two decades. Not one.

Here you again claim that "...many do beat the averages over the long haul. Quibbling over 12 or 15% is not the issue." which is just patently false.

Show me "many" managed funds who have consistently beaten the averages over the long haul.

You just can't do it because they ain't there. Bill Miller comes closest and even he says that was because he was just lucky.
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