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FYI: This chart tells us three things: 1) People are obviously doing something wrong very wrong with their investment dollars; 2) Attempts at generating Alpha end up costing most investors their Beta; 3) Irrationality, emotions, and cognitive errors are the underlying cause of this poor performance Regards, Ted http://www.ritholtz.com/blog/2015/01/asset-class-returns-vs-the-average-investor/print/
