The inability of the crowd to earn anything close to Mr. Market’s performance is a hardy perennial. Although replicating market betas via low-cost index products has become child’s play, the persistent failure by most investors on this front is striking, as a recent study by Dalbar reminds.
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Fed leaves rates unchanged and OKs unwinding of balance sheet: CNBC
Major US equity indexes are mixed after Fed announcement: RTT
US existing home sales fall in August to lowest level in a year: HousingWire
Another effort to kill Obamacare scheduled for vote next week: Reuters
SEC’s computer system was hacked last year: NY Times
Most Fed officials expect more rate hikes: Federal Reserve