"Another New Study Confirms It: Actively Managed Funds Almost Never Beat the Market," August 27, 2019

Summary: Another New Study Confirms It: Actively Managed Funds Almost Never Beat the Market by Rob Curran It’s the active-passive paradox – almost every investor agrees that it’s nigh impossible to beat the market, and almost every investor tries to anyway. Even Vanguard Investments, the fund firm founded by Jack Bogle, high priest of passive investing, is guilty of this stock-picking exceptionalism, according to a new study.