This article from the New York Times, “The Index Funds Win Again,” talks about a study done by Mark Kritzman, president and chief executive of Windham Capital Management of Boston, which shows once again that index funds are incredibly hard, if not impossible, to beat. I found the link at the Canadian Capitalist and couldn’t resist re-posting it here.
Popularity: 81% [?]
Unfortunately, I couldn’t find the study online. It would be interesting to read the original article.
I respectfully disagree that it is hard to justify active management. I do believe if you are talking single country large caps stocks index funds are the way you go but when it comes to mid and small cap investing and global funds a good managed fund will yield superior results.