Studies indicate that many mutual fund managers and other professional investors

Question

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Empirical studies have consistently found that the majority of mutual fund managers and professional investors are unable to consistently earn better returns than the long-run average return on stocks. This is attributed to factors such as high fees, lack of diversification, and limited information advantage. While there are some successful outliers, the evidence suggests that it is difficult for investors as a whole to consistently beat the market.

Studies Indicate That Many Mutual Fund Managers and Other Professional