Dear Sir! The words come from first hand experience not heresy. secondly the so called index beating schemes have stayed invested in very long risky end of market, in case of downturn it's customer who's left holding the katora. Secondly, all investment managers get fat fees when they make profit; no body has lost a job for losses. On average MFs loose money. last, you donot need to be an active investor to make money from equity market. Just find good stock and stay invested, try timing the market and you will turn out to be an idiot.
