comparing a real fund like Fidelity Magellan to the indexes shows how poorly real portfolios do
It also shows how much indexes now correct as in the past two crashes. Then the real portfolios get really bashed as companies in the portofolios go broke. The indexes just put a new player to plug the gap. Otherwise the averages would be just like the realtime portfolios or worse. But if you think a bigger correction is coming maybe buy some puts out there and down there, but I get murdered everytime.