It’s said that you cannot beat the market. But actually it’s not impossible. Setting expectations is pretty important if you are an investor. There are not many money managers who beat the market on a regular basis. Even the most famous one trailed the performance of S&P 500 in 2019 and 2020 combined by just 37%. What does that tell you? In the year 2012, the NBER issued one report which stated that advisors were just as likely as their clients to chase performance instead of following discip...
