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A comment on The Impact of Index Investing: A Follow-Up. Parent comment

Re:The Impact of Index Investing: A Follow-Up by ultramancool on Wednesday May 04, 2016 @11:22AM (#11628984)
Yeah, this is basically why passive is great. People say hedge funds are good in a downturn, but the odds of a downturn in any given year are not actually that high.
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Re:The Impact of Index Investing: A Follow-Up by tosseraccount on Wednesday May 04, 2016 @11:29AM (#11629029)
From the Professor Damodaran's historical returns link:

From 1928-2015, of the 88 years, 24 were down years. Probability of a down year is 27%

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