Stop trying to beat the market: Even the richest Americans can’t do it consistently
Why now
Thesis: Evidence favors indexing over active management
Catalyst to watch: Continued passive fund flow data
Main risk: Survivorship and methodology caveats
Why it matters
Even the wealthiest underperform the index, reinforcing passive investing over active stock picking.
Details
The 400 richest Americans would collectively have performed better over the past 12 months had they invested their net worths in an S&P 500 index fund.
Sources
- marketwatch · 2026-09-24 20:20 UTC