You’re paying your money manager for his or her expertise, right? They know all the secrets and tricks to picking the right stocks and making the right investments. They know things you will never understand. Well, they don’t.

According to the analysis, 99 percent of actively managed US equity funds sold in Europe have failed to beat the S&P 500 over the past 10 years. You need someone with expertise to make sure you don’t lose all of your money when the market is volatile. You don’t. Andrew did the math.

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Show Notes

Serpent's Stout: An American Double, Imperial stout.

How Not To Be Wrong: The math behind everyday things.

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