You buy active for the long run.
The long run is where it loses.
73
Out of every 100 active large cap funds in India that lost to a plain index over ten years. Not America. Here.
Buddy forwards a fund's ten year track record on Saturday. All green. Asks if he should put more in. I pulled the SPIVA India scorecard instead. It keeps score of active funds against a plain benchmark, and the ten year column is where the whole pitch quietly falls apart.