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A comment on Unattractive funds managers outperform funds with attractive managers by over 2%. Parent comment

Re:Unattractive funds managers outperform funds with attract... by mandelbrotwurst on Thursday December 14, 2023 @05:09PM (#38648012)
The average fund manager does not underperform by more than 2%.
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Re:Unattractive funds managers outperform funds with attract... by hklgny on Thursday December 14, 2023 @07:58PM (#38649721)
The average includes the over performers
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Re:Unattractive funds managers outperform funds with attract... by huijzer on Friday December 15, 2023 @06:21AM (#38653048)
The incentive for fund managers is to make as much profit as possible and not care much about losses. If you take into account that fund managers typically blow up every 10 or so years, then they do underperform by more than 2%. Read Taleb's books for more information.
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