Why Can't Active Funds Beat the Index Long-Term? The Buffett Bet and the SPIVA Verdict
Buffett's wager and SPIVA data show why most active funds struggle to beat the index over long horizons, and why benchmark choice matters.
index-investing
The Marathon Fund "Beats 0050"? Switch to a Total-Return Yardstick and It Loses to the Market by a Length
Capital Taiwan Marathon may look strong against 0050, but the conclusion changes when measured against a total-return Taiwan market yardstick.
群益馬拉松「打敗 0050」？換把含息報酬指數的尺，它輸大盤一個身位
群益台灣馬拉松常被說成長年打敗 0050，但若改用含息台灣報酬指數衡量，近 5 年與 10 年結果翻盤。本文拆解基準陷阱。