[orojackson]

Totally agree. As this commenter [1] said it succinctly (although in a different context): "Such a family office also has to contend with other giants trying to claim the G.O.A.T. title for asset management companies with incredible scale efficiencies. The stakes are 'for all the marbles of the game' high, and they're using all the benefits of capital scale they can scrounge."

I find it extremely hard to believe that one dude can consistently beat Vanguard and Fidelity in the midst of their fee war when it comes to public equity (private equity, however, is a whole different ball game, but that's beyond the scope of this discussion).

[1] https://news.ycombinator.com/item?id=18701283