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Why It's So Hard to Beat the Market P1 | Common Sense Investing with Ben Felix

Watch my video to find out why on average, active fund managers consistently underperform the market. Let me know what you think in the comment section below. Thanks! Referenced in this video: Luck Versus Skill in the Cross Section of Mutual Fund Returns - https://papers.ssrn.com/sol3/papers.c... On Persistence in Mutual Fund Performance - https://www.jstor.org/stable/2329556?... Scale and Skill in Active Management - https://www.nber.org/papers/w19891 William Sharpe’s 1991 paper The Arithmetic of Active Management - https://web.stanford.edu/~wfsharpe/ar... Why Is It So Hard To Beat the Market? part II - https://www.pwlcapital.com/why-is-it-... ------------------ Visit PWL Capital: https://goo.gl/uPcXg7 PWL Capital Blog Post: https://www.pwlcapital.com/why-is-it-... Follow PWL Capital on: Twitter:   / pwlcapital   Facebook:   / pwlcapital   LinkedIN:   / 105673   Follow Ben Felix on Twitter:   / benjaminwfelix   LinkedIn:   / benjaminwfelix   ------------------ Video channel management, content strategy & production by Truly Inc. Website: http://trulyinc.com Twitter:   / trulyinc  

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