Portfolio Management has never been easy. 80% of portfolio managers cannot beat the benchmark. Would it be the case that this becomes 99-100%? There could be a few scenarios: A.I. beats everyone -> all portfolio managers cannot beat the benchmark A.I. plus the best portfolio managers beats everyone, including A.I. These hybrid A.I. + best human portfolio managers make up the best 1%.

A.I. competes with A.I. and only the best A.I. beats everything else. 

The chart below shows humans don't really stand a chance... Huat Ah! Please support us on 8percentpa.substack.com too! ...