The Telegraph reports on a study that suggests active fund managers not only usually do worse than an index but almost always do worse than a machine. Given how lavishly they're paid for mediocrity, I'm so in the wrong business. (And no... I don't want any comments suggesting that I'm doing OK for a mediocre IT consultant...)
My direct investments are either in trackers or stocks I've picked myself but I think I need to check where my pension is...
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