Want to beat the stock market? Avoid the cost of 'being human'

A new study by an ASU researcher shows investors sacrifice wealth by investing in funds run by human 'stock pickers' instead of a market-tracking S&P 500 index fund.

In this story published April 14, 2023, in The Wall Street Journal:

That cost of 'being human,' as Professor Bessembinder puts it, is almost as high as the drag from annual fees.

– Hendrick Bessembinder, professor and Francis J. and Mary B. Labriola Chair in Competitive Business