Are you saying that a company like Renaissance Technologies won't beat benchmarks over the long run?

According to Wikipedia, "Renaissance's flagship Medallion fund, which is run mostly for fund employees,[7] "is famed for one of the best records in investing history, returning more than 35 percent annualized over a 20-year span."[4] From 1994 through mid-2014 it averaged a 71.8% annual return."

If so, I would have to disagree with you.