Lesson 7: Can a star fund manager make a difference?

Can a handful of fund managers really know more than everyone else, and beat the market? And if they can, at what price to your portfolio returns when their fees are factored in? 

Research shows that there is just a 3% probability of beating the market in the long term. Yet fund managers continue to charge a premium for a very patchy performance.

Watch the previous lesson: What should it cost to invest in the stock market? 

Watch the next lesson: why is diversification important?