95% of professional fund managers underperform their benchmark over 10 years net of fees, and worse, individual investors underperform their own investment choices through behavioral errors like buying after runups when the manager appears on television.
factualpending
Speaker
Barry RitholtzEvidence Quote
“95% over 10 years net of fees are not going to beat their Benchmark”
Source
Why Money Isn't What You Think: Barry Ritholtz on the Meaning of Money and How NOT to Invest It— Excess ReturnsCreated: 8/11/2026, 5:35:27 AM
My Notes
Loading notes...