It highlights many of the obstacles facing professional fund managers, and
why most individual investors are likely better off with low cost passive investments.
Not exact matches
Even the broadest and
most senior indices change behavior; you'll find
individual investors fretting they're underperforming the S&P 500 and not have an inkling as to
why they should care.
He has written one of the
most delightful books on investing — One Up On Wall Street and in that he gives a multitude of reasons
why individual investors an do better than Wall Street experts.
This dual poor performance mostly explains
why the aggregate returns for
individual investors (as shown in the JP Morgan graph above) is so far below the returns for
most investment asset classes.