You've probably heard that most investors and professional fund managers alike cannot beat the S&P 500 in the long run. This is true, but did you ever wonder why its so hard to beat the S&P? When we look back at historical returns all of the paths that would have outperformed the S&P look obvious. The problem is that everything looks clear in hindsight, but when you're acting in the present things tend to get a bit more complicated. Today I want to share with you one of the factors that makes it very difficult to beat the S&P in the long run. I hope you enjoy!

This episode was originally broadcast on my YouTube channel if you'd prefer to consume the content in video format you can use the link below

https://youtu.be/d-Wx2zaK6XQ

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Disclaimer: This is intended for entertainment purposes only and should not be taken as investment advice.