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Ignoring fees doesn't beat the market

from CFA Institute Enterprising Investor

It only decreases trust and credibility. Why did I lead with this bold title and subheading? Because a large investment firm recently made bold assertions that I found quite intriguing: “Contrary to popular belief, some [active] mutual funds do beat the index on a consistent basis,” and its “select” group of funds, in particular, “beat the index ... 93 percent of the time.” more

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