Larry Swedroe of BAM had an interesting encounter with an actively managed fund family Third Avenue that not only insisted that their firm's results were good - they insisted they were competitive against evidence-based investing. On top of that, one of their executives decided to denigrate the pioneering work of Dr. Eugene Fama, an economic Nobel Laureate prize winner. Click here for more on Eugene Fama.Mr. Swedroe fairly and objectively analyzes Third Avenue's claims one by one and it becomes clear that Third Avenue's claims are absurd.All you need to know is evidence-based investing ranks in the top 5% to 40% in every time period. Some active investors beat their benchmark index, but you don't know which one until after the fact. And they rarely repeat from one time period to the next.See Larry Swedroe's full article, An Active Manager Strikes Out here.