For example, a study by the Wall Street Journal (August 22, 2009) showed that (passively managed) fixed-income index returns beat actively managed fund returns in 2010. So, is it worth paying for...

For example, a study by the Wall Street Journal (August 22, 2009) showed that (passively managed) fixed-income index returns beat actively managed fund returns in 2010. So, is it worth paying for active management if the managers cannot earn above-average returns?