Author Bio James Brumley is former stockbroker with a large Wall Street firm, and a former trading analyst for a small, options-based newsletter. After twenty years of professional experience in and around the market, his approach is one that combines fundamentals, sentiment, and common sense. It's also an approach that respects this John Keynes reality: The market isn't always rational. Follow @jbrumley It's a surprising statistic, but in the average year, more than 80% of the United States' actively managed mutual funds underperform the broad market. It's a surprise simply because these funds are managed by trained (and well-paid) financial professionals.