A new set of data points brings out the shades of gray in the active/passive debate.

The latest Mind the Gap research reveals investors are still lagging fund returns.

We put a viral post on X to the sniff test. It didn’t pass.

This time isn’t different.

iShares Bitcoin Trust ETF gained over 46% per year since inception, but the average dollar made only 11% annually.

The big gap in returns between the haves and have-nots of private equity and venture capital tells you something.

The corollary: Be wary of those who profess to know what’s going to happen next.

And six ways that you can try to close the gap.

Hint: It’s not about pursuing perfection.

Narratives are important in investing, but we may not be doing ourselves any favours in clinging to misleading impressions.