If you were a professional money manager, your goal each year would be to beat the major indexes. What does this mean? It means that if the Dow is up 15 percent this year, you would have to earn 15 percent or more. (Your year-end bonus depends on it.) The bad news is that it’s very hard for people, even professional investors, to beat the indexes. In fact, it’s reported that more than 80 percent of the professional managers do not beat the indexes each year. In some years, only 15 or 20 percent
