FYI:
2013 was reckoned by some to be the "year of the stockpicker," fueled by the concept that corporate profits would be driven by individual company performance, not so much as a rising tide raises all boats.
That didn't work out: As the benchmark Standard & Poor's 500 Index gained 29.6 percent in its best year since 1997, mutual funds run by stockpickers slightly lagged cheaper index funds
Regards,
Ted
http://www.reuters.com/assets/print?aid=USL1N0V71CR20150129
