Let me explain. There is one small problem with pursuing option A, though. Large institutions that pursue option A have to deal with it also. They convene investment committee board meetings to decide whether to fire or rehire this underperforming money manager or that one. It is the same dilemma you faced the last time you convened your board meeting of one and decided whether to sell or hold your dog of a mutual fund for another one.
Most investors switch to a better-performing fund in pursuit of performance.
This causes them to dramatically underperform the market average. You are getting the market's entire return. There are no surprises. There is no moral to this colloquy,but there is a point. That's all for now.