It should come as no surprise that active funds do not outperform their benchmarks over a significant time period, but take a look at the data. This graph shows the percentage of funds in the surviving universe (29% do not survive) that beat their benchmark in consecutive years. In the first year (2004), 33% of the funds were winners, but by year five (2008), only 1.4% of the funds (38 out of 2,619) had consistently outperformed their benchmark. Click here for the slide.

Art Holliday interviews Matt Hall regarding the 60% run up in world markets and who could have predicted it.

Some of the most complex problems investors face can be solved with simple solutions. The following rules help investors build and adhere to a well-designed investment plan. Click here to read the rules.