Are the best investors dead? That’s what a Fidelity internal performance review seems to suggest. Fidelity supposedly reviewed the performance of its customers from 2003 to 2013 and found that the best returns were from its customers who were either dead or inactive. These are customers who either died and had their assets frozen, or forgot about their assets. Although I have not been able to find the original research paper by Fidelity, multiple sources have referred to it (see here, here, and here). Whether the research was legitimate or not, the notion that inactive investors outperformed their peers does seem possible. The market rewards inactivity The stock market is volatile. The past two years has clearly demonstrated that. Volatility tempts investors to trade frequently in the hope of timing their buys and sells to coincide with peaks and troughs. However, in reality, buying at the lows and selling at near-term peaks is easier said than done....