How to win the loser's game. Opinions on this video?

I watched this interesting film this weekend.



I know forum members kinda hate being asked to watch a video. So I will provide a summary.

However I'm no finance guy, and I'm not sure my summary will do the contents justice. So I provide this to help you judge if you want to invest 1.20 hours of your life.



The film makes a case for passively managed funds over actively managed funds.



I find the logic in this film very compelling. But I suspect the film was produced by people selling passively managed funds.



here is the Video.



There is the option of watching it in parts.



Here is my summary in bullet points:

• Fund managers are massively overpaid


• Fund manager's salaries and bonuses eat away at a fund's cash position very fast.


• Fund managers have been shown to not 'out-perform the market' consistently.


• In most cases, the average performance + high fees make these funds a bad deal.


• Therefore it is a better option for most investors (and pension funds etc) to stick mostly to index funds that track the market and stick with that for the long haul.

My summary is likely very clunky and I may have made mistakes in terminology. Other posters might want to add or correct.



The film also goes into the implications for pension funds and such.



Many of the people interviewed are from very respectable universities.



I'm curious how other, more knowledgeable, posters perceive this.

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