Same Song as Always, But Nice to Hear It Again!
The New York Times published a report on the failure of active management in an article titled, “How Many Mutual Funds Routinely Rout the Market? Zero.” We’re not at all shocked to see their results.
Nobel laureate, Daniel Kahneman, voiced his sentiment on the same topic recently at a speech in New York, saying that he didn’t want any active management in his own investment portfolio. Interestingly, his audience at this particular conference was made up of active managers.