Most people think they have above average qualities, like looks and intelligence...hedge fund managers’ are no different. They think they have above average stock-picking abilities. Unfortunately, just like their looks, most of these guys’ performances are below average ... with 2 out of every 3 portfolio managers underperforming the market averages year after year.
If you have been paying attention to the wild short squeeze in Game Stop (ticker GME), which crushed short-selling hedge funds, then I hope you will appreciate that individual stock section is a thing of the past… the best game in town is to invest in market indexes like S&P 500.