Ep 73: Giving Active Managers the Benefit of the Doubt
Active management has always been marketed around the promise of expertise: smarter research, better timing, and the ability to avoid the market's biggest mistakes. And to be fair, there are some reasonable arguments for why certain managers, in certain markets, might add value.
But when you move past the sales pitch and look at what investors actually experienced over time, the story gets much harder to defend. Today, we're going to separate the theory of active management from the real-world results.
WHAT YOU'LL LEARN:
How active funds differ from a simple index-tracking strategy.
Why…
The skinny
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