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Why This Isn’t a ‘Stock Picker’s Marke’

The Wall Street Journal

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November 24, 2025

In this “everybody gets a trophy” era, the people managing your nest egg deserve a prize: Most Improved.

- Spencer Jakab

Nearly half of U.S, equity mutual funds beat their benchmark in the first six months of the year net of expenses, according to S&P Global. That puts them on track for their best performance in three years. Those numbers aren’t impressive, but

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