In a recent article in the New York Times Jeff Sommer shares how professional stock pickers are doing.

“Each year, some investors manage to do it (beat the market), of course, but can they do it consistently? A new study of actively managed mutual funds by S&P Dow Jones Indices asked that question and came up with a startling result. It found that not a single mutual fund — not one — managed to beat its benchmark in either the U.S. stock or bond markets regularly and convincingly over the last five years.“