I never tire of the "active will save the world when the market...

I never tire of the "active will save the world when the market turns" or "when the inevitable crash happens"

Some people really do hate stats and cold hard facts.

Especially when those stats detail 85% of those active managers will fail to beat the market during a downturn, upturn, u-turn, round-turn, square-turn... in the long run.

Investors engage a manager to beat the market... full stop. Otherwise, it's a vanilla index fund without the rock star, planking fund manager.

There will always be a place for active managers (the 15% who manage to outperform). The hardest part is identifying them when the probability of picking one is against you.

Finally, it is without doubt the most hilarious aspect that managers like Hamish, Rob Luciano and the long list of managers who espouse the Warren Buffer tagline are also the managers Warren Buffet would tell investors to stay clear of.

But let's all forget the fact Buffet's advice is to stick to a cheap Vanguard fund.