Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

When you look at the market with a zero-sum perspective it becomes apparent that both active and passive investors earn average market returns - collectively they by definition are the market.

However, active investors have higher trading fees/management costs, so they are bound to perform at least slightly worse on average. It's just mathematics.



I am completely at a loss for words here.




Consider applying for YC's Fall 2026 batch! Applications are open till July 27.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: