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Given the surprises that the corporate world continues to throw up, it's no shock to discover professional fund managers continue to underperform the stock market average.
In the case of underperforming, does it imply the shares will underperform the sector or the entire market?
Don't large corporations know that about 90% of managed funds underperform the stock market average over the long-term?
If the team underperforms , the coach must look in the mirror before he does anything else.
We're in a no-win situation: if grades go up it's because of dumbing down, and if they drop we are underperforming .
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