FYI: Last summer I watched Creed. It’s the latest movie in the “Rocky Balboa” series. One of the lines stands out. The movie’s lead character, Adonis Creed, asked Rocky how he had beaten his father. “I didn’t beat your father,” said Rocky. “Time takes everybody out. Time’s undefeated.”
It’s like that for most investors who try to beat the market. They might get lucky for a year or a decade. But if a low-cost index fund were a boxer, time would stand in its corner. According to the SPIVA scorecard, the S&P Composite 1500 Index beat 87.47 percent of U.S. actively managed stock funds during the ten years ending June 30, 2016.
Regards,
Ted
https://assetbuilder.com/knowledge-center/articles/does-factor-based-investing-work
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http://investwithanedge.com/newsletter-archives/102616-introducing-the-factor-edge