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Those who assemble portfolios that closely resemble the index are doomed to underperform, because of costs.
This group is impossible to justify; almost doomed to underperform, such managers are guided by a business rationale.
If it were easy to select the outperforming managers in advance, investors wouild give them all their money; no-one would select those managers doomed to underperform.
But that's still very low).To those who would say that passive funds are also doomed to underperform the market after costs, that is true, but their costs are a lot lower.
Siedle says many are doomed to underperform because their managers are inexperienced and/or handicapped by the size of their portfolios.
This awakening would do wonders to complement Mexico's recent economic success stories, which prove that the country is not inherently doomed to underperform.
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Since the index does not reflect the impact of costs, investors are doomed, on average, to underperform the market.The answer is to pick a fund manager who is better than average.
The Naples rubbish emergency (see article) is symbolic of a broader crisis in a country that, to use a word now much in vogue, is "blocked": its economy is underperforming; its politics are stagnant; and all attempts at reform are apparently doomed to failure.
MEN are doomed to uncertainty.
It is doomed to failure.
They are doomed to disappointment.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com