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Re:Robinhood stock trading app confirms $110M raise at $1.3B... by pedrocr on Wednesday April 26, 2017 @04:15PM (#14206551)
It's worse than that. Over any period of time index funds beat the average actively invested money because they have the exact same returns and less fees:

https://web.stanford.edu/~wfsharpe/art/active/active.htm

Re:Robinhood stock trading app confirms $110M raise at $1.3B... by eru on Wednesday May 03, 2017 @05:54PM (#14260527)
Less fees and transaction costs.