1.   He noted that unit trust managements were unable to consistently outperform the market on a risk-adjusted basis.

2.   Local car dealer Cowie, now regarded as the quality stock in the sector, also outperformed the market strongly.

3.   As a result, it became much more likely that people would abandon the strategy when it failed to outperform the market.

4.   Bank stocks have largely outperformed the market this year.

5.   Bigger funds have a harder time outperforming the market because an individual stock holding has a small impact on its return.

6.   Big funds often have a tough time outperforming the market because they have to spread their investments across a large number of companies.

7.   A few hedge fund managers are outperforming the markets this year.

8.   A few sectors continue to outperform the market.

9.   All things being equal, funds that historically have outperformed the market tend to continue their winning ways.

10.   But he added that Microsoft might no longer outperform the market, until there is a decision or settlement.