Week 51 Day 1: Trying to Beat the Market: The Professional Failure Rate

The single most common investing mistake is believing you can pick stocks or funds that consistently beat the market. The data is overwhelming: over 15-year periods, 92% of actively managed U.S. large...

The single most common investing mistake is believing you can pick stocks or funds that consistently beat the market. The data is overwhelming: over 15-year periods, 92% of actively managed U.S. large-cap funds underperform the S&P 500. Professional fund managers with teams of analysts, billions in resources, and decades of experience cannot do it. You cannot either. Buy the index.