Mutual Fund Returns: Worse than You Thought – CBS MoneyWatch.com

In his latest book, The Quest for Alpha: The Holy Grail of Investing, Larry Swedroe presents compelling research showing how difficult it is to outperform the market. In the following excerpt, he explains why mutual fund investors usually get lower returns than the funds’ records would suggest.

via Mutual Fund Returns: Worse than You Thought – CBS MoneyWatch.com.