Comment on Reasons to Open a Chinese Bank AccountparentComments−grandalf15yI realize that my comment was a bit imprecise.Surely some firms will do better than average, it's just that humans are notoriously bad at anticipating which firms those will be, hence the superior performance of index funds compared to managed mutual funds over the long term.
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I realize that my comment was a bit imprecise.
Surely some firms will do better than average, it's just that humans are notoriously bad at anticipating which firms those will be, hence the superior performance of index funds compared to managed mutual funds over the long term.