Question: 1.2. Let's do something boring just to drive home a point: Count up the number of years in Figure 10.1 in which more than half

1.2. Let's do something boring just to drive home a point: Count up the number of years in Figure 10.1 in which more than half of the mutual funds managed to beat the S&P 500 index. (Recall that the Standard and Poor's 500 is just a list of 500 large U.S. corporations-it's a list that overlaps a lot with the Fortune 500.)

What percentage of the time did the experts actually beat the S&P 500?

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