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However, for a lazy or casual investor discovering the difference between the good managers and the lucky managers is very hard.



Eh, just compare the active fund against the S&P 500 on a suitably long enough horizon:

https://www.google.com/finance?q=NYSEARCA%3ASPY%2C+NYSEARCA%...

I'll admit it's looking for a needle in haystack though. In all my looking I've only found these three. Really just VHT and POGRX, since the success of BRK (Warren Buffett's company) is common knowledge.




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