It’s not riskless, it’s just the benchmark that all active investors and their associated podcasters have to beat.
Active investors usually fall into the same fallacy where people all rate themselves as above average. Mathematically speaking a large portion of active investors have to do worse than average and simply stating FUD about averages won’t change that
Active investors usually fall into the same fallacy where people all rate themselves as above average. Mathematically speaking a large portion of active investors have to do worse than average and simply stating FUD about averages won’t change that