Hacker News Reader

The majority, sure, but not all. Look at since-inception charts of POGRX, VHT, and BRK.B for example.

However, for a lazy or casual investor discovering the difference between the good managers and the lucky managers is very hard.

Eh, just compare the active fund against the S&P 500 on a suitably long enough horizon:

https://www.google.com/finance?q=NYSEARCA%3ASPY%2C+NYSEARCA%...

I'll admit it's looking for a needle in haystack though. In all my looking I've only found these three. Really just VHT and POGRX, since the success of BRK (Warren Buffett's company) is common knowledge.

Reply on news.ycombinator.com