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You can't consistently beat the market. Just ask Harvard.

Mon, 03 Oct 2016 12:16:26 GMT

Harvard University has been lamenting a substantial loss in the value of their endowment.  Apparently about $2 Billion.   See:http://www.chronicle.com/article/What-a-2-Billion-Loss-Really/237965 Harvard has chased all sorts of exotic strategies, including private equity and hedge funds and yet - to quote the above article: "...if Harvard had passively invested in a standard mix of 60 percent stocks and 40 percent bonds, it would have gotten a higher rate of return — 8.9 percent over...