Volatility...Am I a Gomer?

Perhaps I'm like Gomer, but I just also realized why advocates of mutual funds, and holding companies don't like stock price volatility.

Their success largely is seen by continual growth or rise of chosen stock prices in their portfolio and not from trading the volatility. The costs are too high for them in trading volatility. And as in the sake of mutual funds it is a double whammy. The mutual fund's management fee would be generally higher which customers tend to shy away from. Also portfolio turnover is high which generally at least in the past, indicates that maybe the manager doesn't know what he/she is doing or that they are taking on too much risk in the process.

In my way of reasoning, this is also why only 20% of mutual funds beat the S&P 500.