Re:Warren Buffett's bet against hedge funds at the Long Now ...
by chii on Monday March 01, 2021 @12:33AM
(#26300027)
> most managers actually do match the S&P500, but before fees.
so what exactly are you paying them their fees for then?
Either way, for an active manager to be worth their fees, they _have_ to beat the index by more than their fees plus a bit more to make up for the risk that they don't. Otherwise, you'd be better off in a passive fund.
so what exactly are you paying them their fees for then?
Either way, for an active manager to be worth their fees, they _have_ to beat the index by more than their fees plus a bit more to make up for the risk that they don't. Otherwise, you'd be better off in a passive fund.