"If you think you can beat the market, you're probably wrong. And if you think your fund manager can, you're probably wrong again. Roughly two-thirds of professionally managed large-cap equity mutual funds are outperformed by the Standard & Poor's 500-stock index after expenses. The one-third that beat the market in any particular year are just as likely to underperform in the next year, according to a study by Burton G. Malkiel, Chemical Bank chairman's professor of economics at Princeton University and author of the book 'A Random Walk Down Wall Street'."
Ending the Habit of Tilting at Windmills
by Ellen Simon
http://www.highbeam.com/doc/1P2-139949.html
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