What do you do for a living.

[Peter_Spaeth]

Originally Posted by trdcrdkid

I make my living as a mutual fund analyst for Morningstar, which means I talk on the phone to money managers who make much more money than I do, then write about the funds they manage and why you should or shouldn't put your money in them. I also write articles about investing, some of which you can find if you google my name. In my spare time (such as it is), I research and write about Shakespeare and Elizabethan theater history for books and academic journals, and go to academic conferences in that area. Next year I'm co-leading a seminar at the World Shakespeare Congress in Stratford-upon-Avon and London.

I am curious, what do you think of John Bogle's thesis (well, not his alone by any means, but one he popularized with Vanguard) that over time only a very very small percentage of funds and fund managers will outperform the S&P 500?