indexified financial wisdom

Here’s an interesting question. Do fund managers exhibit skill? This article makes the analogy with baseball. Good batters show above average skill, and there is consistency and time that come into play. That is over time they are PREDICTABLY better. This is skill. Measurable, definable skill. Fund managers don’t outperform the market for more than a couple of years on average. Are you going to find the right one for the right years? 90% says S&P 500 will beat you…