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The Long View: Darwinian truth lies behind the struggle to make investment headway

By Phillip Coggan

Published: August 11 2006 17:10 | Last updated: August 11 2006 17:10

Why is investing so difficult? That thought must have struck all those who bought a technology fund in 1999-2000, have seen their endowment policies deliver less than expected, or who struggle to get a decent retirement income from their savings.

Even professionals struggle. Most fund managers fail to outperform the market index. Those that are perceived to fail can be sacked as quickly as a Premier League football manager.

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