there's also the (apocryphal?) tale about a brokerage investigating which of their clients' stock portfolios had the best performance, and discovering the best performing portfolios belonged to the clients who were dead.

https://www.morningstar.com/columns/rekenthaler-report/archi...

Love this. Stay hungry, stay bullish. :D

But is that before or after fees? Does each fund manager take more or less than the cow's dollar equivalent in pasture?

before fees and milk