If you bought an actively managed fund 30 years ago, it was literally an index fund with more fees attached. Active managers actually just index, but try hard to obfuscate this fact to justify their high fees. If you dive into their books, they are basically buying the market. I think it begs the question, how active was/is active?
The math is clear, you are statistically unlikely to beat the market.
The math is clear, you are statistically unlikely to beat the market.